The United States has introduced new rules allowing tariffs on steel and aluminum imports from Mexico and Canada to be reduced from 50% to as low as 25%, provided certain conditions are met.
The policy mainly applies to materials used in medium- and heavy-duty vehicles and auto parts, excluding the light vehicle segment.
To qualify, companies must commit to increasing investment and expanding production within the United States. The measure is designed to strengthen regional supply chains while encouraging domestic manufacturing.
The U.S. Department of Commerce will review applications on a case-by-case basis to determine eligibility for the reduced tariff rate.
While the policy may lower costs for some industries, its scope is limited and subject to strict requirements, leaving a significant portion of North American steel trade outside its benefits.
The move comes amid ongoing trade tensions in North America and ahead of the USMCA review, where steel and aluminum tariffs remain a key issue.
Source: Expansión
