20 Aug 2018
Mexico Temporarily Increases Duties on Three Additional Iron/Steel Products, Exempts Two Items from Temporary Duties
Mexico has increased from zero to 15 percent, effective from 18 August through 30 November, its most-favoured nation duty on certain iron and steel products classified under HTSMX 7207.12.01, 7207.12.99 and 7224.90.02. These products had faced a temporary 15 percent duty during the fourth quarter of 2015, the better part of 2016 and 2017, and the first three and a half months of this year. While the temporary duty was allowed to expire due to low import volumes of these products, Mexican authorities have witnessed a 150 percent surge in shipments from countries with which Mexico does not have a free trade agreement since the expiration of the temporary duty on 16 April 2018.
The Mexican government has also exempted two products not currently produced in Mexico, classified under newly-created tariff lines HTSMX 7216.32.04 and HTSMX 7216.33.02, from the 15 percent temporary duty that applies to a broad range of iron and steel imports. These tariff lines, which now benefit from duty-free treatment, comprise (i) I sections (standard beams) not further worked than hot-rolled, hot-drawn or extruded, of a height of 80 millimetres or more, with a parallel section width greater than 270 mm and a weight greater than 190 kilograms per lineal metre (HTSMX 7216.32.04); and (ii) H sections not further worked than hot-rolled, hot-drawn or extruded, with a parallel section width greater than 300 mm (HTSMX 7216.33.02).