The White House will close loopholes that allow China to evade tariffs by exporting steel and aluminum to the United States through Mexico, a senior administration official announced Wednesday.
President Joe Biden will sign a proclamation ensuring that steel coming from Mexico receives duty-free benefits if it’s melted and poured in Mexico, and importers will have to share information on the origin of their steel products, the White House confirmed.
President Biden and Mexican President Andrés Manuel López Obrador will make a joint announcement outlining these efforts.
Estimates suggest that 3.8 million tons of steel arrived in the United States from Mexico in 2023. Eighty-seven percent of the steel is melted and poured in North America, but 13 percent is melted or poured outside of the United States, Canada, and Mexico, which is the main concern among officials….