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Mexico Announces Temporary Increase in Tariffs on Iron and Steel Products
September 26, 2019 |Americas

Mexico is increasing tariffs and creating new tariff schedule provisions for iron and steel products, according to a notice in the Sept. 20 Diario Oficial. The country is creating 82 new tariff subheadings to identify different types of iron and steel, modifying 25 subheadings and eliminating 21, all to improve monitoring required under the agreement to end U.S. Section 232 tariffs on Mexico. Mexico is also increasing tariffs to 15 percent for more than 200 subheadings covering iron and steel products that were previously dutiable at 3 percent to 5 percent, and is modifying the text of 22 other subheadings and increasing the applicable tariff rate to 15 percent, said a Mexican Confederation of Customs Broker Associations (CAAAREM) circular posted by the consultancy AJR Mexico. Rates will be decreased every two years by 5 percent, so duties on these subheadings will fall to 10 percent in 2021 and to 5 percent in 2023 before being eliminated entirely in 2024. Mexico is also increasing tariffs on other tariff subheadings for iron and steel products, and adding iron and steel products to maquiladora and sectoral promotion programs. The changes took effect Sept. 22.

Argentina Launches AD Investigation Into Chinese Tricycles
September 23, 2019 |Americas

Argentina will begin an antidumping investigation on Chinese tricycles and announced the results of three other investigations on Chinese goods, according to a Sept. 19 report from the Hong Kong Trade Development Council. Argentina’s investigation into Chinese tricycles exclude tricycles with electric motors and could result in duties on the Chinese item for five years, the report said. Argentina also determined that China has been dumping certain aluminum alloy sheet. It investigated whether certain footwear from China is circumventing AD duties by going through a Malaysia exporter and found in the affirmative, but found in an anti-circumvention AD duty review that certain sunglasses produced in Taiwan are not circumventing the AD duty order, the report said.