Mexico Rescinds Certain Aluminum Import Tariffs
Mexico last week removed tariffs on certain aluminum imports because of a shortage in domestic production of raw unalloyed and alloyed aluminum. The country is revoking its 35% tariff on unalloyed aluminum and 20% tariff on alloyed aluminum imports from…
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countries with which it doesn’t have a free trade deal. “The availability of said merchandise in countries with which Mexico has signed an international treaty on trade matters is insufficient to satisfy the supply of the automotive industries, auto parts, and electronics, among others, which is why it is necessary to delete” the tariffs, Mexico said in a notice published in its Diario Oficial de la Federacion May 8, according to an unofficial translation. The tariffs had been in place since April as part of a broader package of increased duties.