US, Mexico are closing in on a deal that would remove President Donald Trump’s 50% tariffs on steel imports up to a certain volume – Bloomberg News with the info.
No further details at present.
More:
- US and Mexico are nearing a deal to remove Trump’s 50% steel tariffs in exchange for a cap on Mexican imports based on historical volumes
- proposed cap would exceed limits from a 2019 agreement
- Trump will need to approve the final deal
- Mexico’s Economy Minister Ebrard says that the tariffs are unfair, noting the US exports more steel to Mexico
