Mexico says it will request an exemption from U.S. President Donald Trump’s new 50% tariffs on steel and aluminum, which take effect Wednesday. The country’s economy secretary called the measure “unfair, unsustainable and inconvenient” as he said the country would seek the same exemption given to the U.K.
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00:00Mexico says it plans to ask for an exemption from new U.S. levies on aluminium and steel
00:06after the tariff is set to double to 50 per cent on Wednesday.
00:09We will ask that Mexico is excluded from this measure, as well as the Reino Unido.
00:16That's what we're going to plan.
00:17So, I see this measure unfair, unsustainable and inconvenient.
00:23Three, yes.
00:25US neighbours Mexico and Canada are to be hit hardest by the tariffs.
00:29Canada is the biggest source of both steel and aluminium exports to the U.S., while Mexico ranks third in steel shipments.
00:37The U.K. is the only trading partner so far to sign a deal with Washington, exempting them from the tariffs.
00:43U.S. President Donald Trump has asked all U.S. trade partners to submit their best offer for a trade deal by Wednesday to avoid U.S. tariffs.