SMA Commends Administration for Trade Breakthrough with Mexico

The Steel Manufacturers Association congratulated U.S. trade negotiators after the announcement this morning of a new trade deal between the United States and Mexico.

“The SMA supports the administration’s joint actions with Mexico today,” said SMA President Philip K. Bell. “Today’s announcement is the result of years of hard work by the Office of the U.S. Trade Representative. We are pleased that Ambassador Tai and her team negotiated an agreement that benefits domestic steel companies and workers while improving the trade relationship between the United States and Mexico. We appreciate USTR’s leadership, tenacity, and transparency with the steel industry throughout the process.”

The centerpiece of the deal requires that steel exports from Mexico be melted and poured in the United States, Mexico, or Canada. Mexico also agrees to raise tariff rates on steel exports into Mexico from countries without free trade agreements.

“These are two important steps that SMA members have long advocated for and are critical to stopping unfairly traded steel crossing our border from Mexico,” Bell added. “We stand with the administration and hope for continued engagement between our two countries to enforce today’s agreement and continue work that prevents import surges.”