Tariffs would be implemented by Presidential degree
Some interesting headlines from Mexico economic minister Acevido:
- Sees moment of global steel overcapacity
- Steel has multiplier effects throughout Mexico econ
- Mexico steel, textile sectors facing difficulties
- Mexico suffering from products dumping from China, US
- Mexico is proposing 15% Steel
- Mexico is proposing 25 – 30% tariff on textiles
- Tariffs will be implemented by presidential degree
- reaches preliminary agreement for 15% steel tariff with countries that do not have free trade agreement with Mexico
The USDMXN moved higher on the headlines.
