The U.S. section 232 tariffs against exports of steel and aluminum from countries including China will likely lead to diversions of supplies to other markets. The Mexican government is already dealing with dumping of products from China. A recent case involved imports of Chinese carbon/alloy steel tubes where dumping rates of 203% were determined. Mexican imports of steel more broadly from China totaled $687 million in the 12 months to February 28, up 7% on a year earlier. Leading products which are also subject to U.S. section 232 duties of 25% include flat-rolled steel ($135 million), ...
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