Mexico Prepares Protectionist Measures

Arguing that they should protect the local industry from dumping, the U.S. plans to impose temporary tariffs on imports of steel, textiles and footwear.

Wednesday, February 27, 2019

The tariffs that would be approved through the signing of presidential decrees would be valid for six months, which would be 15% for steel products, and 25% or 30% for imports of footwear and textiles.

This would not be the first time that these tariff barriers have been in force in the Mexican market, since the agreement taxing imports of the products concerned expired on January 31.

You may be interested in "When Protectionism Fails"

Prensalibre.com reports that Ernesto Acevedo, Mexico's Undersecretary of Industry and Commerce, explained that "... During the six months of the Mexican tariffs on steel, textiles and footwear, the Secretariat of Economy 'will be attentive to receive from companies the essential information to strengthen the investigations for dumping or subsidies' wherever applicable."

Acevedo added that "... The Secretariat of Economy should seek the best alternatives to protect the national industry, but not neglect the productive routes, an environment conducive to investment and, especially, the welfare of Mexican consumers."

According to figures from the Trade Intelligence area at CentralAmericaData, between January and September 2018 Central American countries added $25 million in sales to Mexican companies, for clothing and clothing accessories, footwear, foundry and iron and steel manufactures.

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