Mexico will impose a 36.23% tariff on imports of steel wire used for welding from Vietnam, saying they are harming local producers in Latin America’s second-largest economy.
The economy ministry alleged Vietnam was “dumping” steel wire in Mexico, meaning exporting it at below-cost prices. The decision, announced Monday in the national gazette, is the latest move by Mexico to limit Asian imports, after placing fees on Chinese steel and on cheap clothing. The government also recently raided a shopping mall that sells low-cost Asian products in Mexico City and pledged to carry out more actions to protect local industry.
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Publish date : 2024-12-23 08:52:00
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