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LatinNews Regional Monitor: Mexico - 5 June 2018
In brief: Mexico
* Mexico’s economy ministry (SE) has announced that it will initiate a dispute resolution case against the US before the World Trade Organization (WTO). The statement comes in response to the US government’s 31 May decision to extend its steel and aluminium import tariffs on Mexico, Canada, and the European Union. These tariffs were announced in early March but were followed by non-permanent exemptions for some countries. Their legal basis, according to the US administration, is section 232 of the Trade Expansion Act 1962, a piece of US legislation which permits the imposition of tariffs for national security purposes. The statement issued by the SE declared that Mexico considered that the imposition of these tariffs violates both the WTO agreement on safeguards as well as the 1994 General Agreement on Tariffs and Trade (GATT). Previously, on 31 May, the SE had announced that it would impose retaliatory proportionate tariffs on US goods including on some steel and agricultural products.
