The Mexican government rejected the arguments used by the United States to justify the 25 percent increase in tariffs on steel and aluminum.
Category
🗞
NewsTranscript
00:00The Mexican government rejected the arguments used by the United States to justify the 25%
00:06increase in tariffs on steel and aluminium.
00:09Mexico's Secretary of Economy Marcelo Ebrard denied the claims made by Washington that
00:14steel and aluminium exports from his country had increased by more than 1,600%.
00:20The government official described the US tariffs increase as unfair while assuring that the
00:25trade balance is favourable to the United States, since that country exports more to
00:30Mexico than it imports from Mexico.
00:33Ebrard pointed out that the tariffs could affect the markets of Canada, the United States
00:37and Mexico by increasing the price of the products made jointly by the three North American
00:42nations.
00:43It doesn't make sense.
00:53So I would firstly say that if we import more steel and aluminium from the United States
00:57than they do from us, the argument to impose tariffs is not logical, because they have
01:03a trade surplus with us.
01:05But secondly, these tariffs are a bad idea, because as I have already shown you right
01:10now, only in the case of pistons we are integrated with the three countries for the production
01:16and smelting of aluminium.
01:18How this piston is finished, how it crosses borders, how it is assembled again in Wisconsin,
01:23imagine eight times for only one piston.
01:26So we have to take care of that production.