Steel and aluminum tariffs imposed by the U.S. on Mexican exports are now the main sticking point in ratification of the U.S.-Mexico-Canada Agreement. Mexico’s Undersecretary for North America Jesús Seade has stated “there cannot be a close” of USMCA implementation without removing the tariffs following a meeting with the U.S. government. Mexico’s U.S.-bound exports of steel and aluminum products covered by the duties fell 26.8% year over year in March. That was led by a 36.2% slump in shipments by Tenaris while ArcelorMittal’s dropped 26.8%. Ternium meanwhile increased its exports by 18...