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LatinNews Daily - 27 February 2019

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In brief: Mexico

* Ernesto Acevedo, Mexico’s deputy economy minister for industry & trade, has announced that Mexico will renew for six months a 15% steel tariff on countries with which it does not currently have free trade agreements. The tariff expired in January, prompting speculation that Mexico’s new government might not re-authorise it. But Acevedo said the tariff will apply to the same 186 products that have previously been renewed. He added that the government will also set a 25%-30% tariff on textiles and shoes from countries that do not have free trade deals with Mexico, a measure that also lapsed in January.