Mexico Eliminates Aluminum Import Tariffs to Combat a Shortage
- Mexico had recently imposed a set of tariffs on some metals
- Auto and electronics industries have suffered shortages
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Mexico removed a tariff on aluminum imports from countries with which it does not have a trade agreement, amid shortages of the material for the auto and electronics industries.
The nation eliminated tariffs of as much as 35% on the metal that have been in place since late April, according to a decree published Wednesday. The fees had been part of a set of broader tariffs imposed amid concerns about cheap imports from China and elsewhere.