Reported 3 days ago
The US and Mexico are nearing a deal to eliminate a 50% tariff on steel imports, contingent on maintaining shipments below a defined historical volume. Led by Commerce Secretary Howard Lutnick, the negotiations occur amid a backdrop of discussions on immigration and border security. While the agreement isn't finalized, it proposes a higher import cap compared to a previous arrangement under Trump's first term, with potential implications for US steel stocks and broader trade relations.
Source: YAHOO