U.S. steel subsidies on Mexico do not put USMCA ratification in danger: Mexican official
Reuters
Published Jul 08, 2019 11:53PM ET
Updated Jul 09, 2019 01:16AM ET
MEXICO CITY (Reuters) - A preliminary subsidy determination announced on Monday by the United States affecting some Mexican steel does not put the ratification of a North American trade deal in danger, a senior Mexican official said.
Mexico's Deputy Foreign Minister for North America Jesus Seade also said that the U.S. subsidies on steel were against certain private companies in the country, not the whole industry, and that Mexico should support its steelmakers.
The United States, Mexico and Canada signed the United States-Mexico-Canada Agreement (USMCA) last November, to replace the North American Free Trade Agreement that governs more than $1.2 trillion of mutual trade.
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Written By: Reuters
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