U.S. and Mexico clamp down on Chinese steel imports

Brazil and other Latin American countries raise trade barriers amid influx

20240710N China steel 3

Excess Chinese steel production has led to an surge in imports across several Latin American countries. © Reuters

NIKI MIZUGUCHI and RYOHEI YASOSHIMA, Nikkei staff writers

SAO PAULO/WASHINGTON -- The U.S. is moving to curb imports of cheap Chinese steel flowing into the country via Mexico, while Latin American countries raise their own tariffs in a bid to prevent the glut from moving their way instead.

In a joint effort with Mexico, Washington on Tuesday said that steel products entering the U.S. across the southern border that did not originate in North America will be subject to additional tariffs.

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