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LATIN AMERICA ADVISOR

LATIN AMERICA ADVISOR

A daily publication Of the dialogue

February 26, 2025

What Will U.S. Tariffs on Metals Mean for Trade?

U.S. President Donald Trump said earlier this month that he will impose new tariffs on steel and aluminum imports to the United States. // File Photo: Pavel Losevsky via Adobe Stock.

Q

A

Nick Iacovella, head of public affairs and communications at the Coalition for a Prosperous America: “The Trump administration’s decision to impose tariffs on steel and aluminum imports is a necessary and long-overdue step to protect American manufacturers and workers from the devastating impact of surging imports. These tariffs will help restore stability to U.S. industry, safeguard domestic production and ensure that critical sectors are not harmed by a flood of artificially low-priced imports. The United States has long been a top market for steel and aluminum exporters like Canada, Brazil and Mexico, but these countries have taken advantage of America’s open market while failing to meet their trade commitments. In particular, Mexico has blatantly violated the 2019 Joint Steel and Aluminum Agreement, which was meant to cap its exports at historical levels in exchange for tariff-free access. Instead, Mexico’s steel shipments to the United States surged 472 percent above agreed-upon levels in 2023, with projections exceeding 700 percent in 2024. Canada, meanwhile…”

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