Mexico City, Feb. 12 -- Mexico on Tuesday rejected the 25-percent tariffs on all steel and aluminum imports announced a day earlier by the U.S. administration.
Noting that Mexico has a deficit with the United States in steel and aluminum trade, Mexican President Claudia Sheinbaum told reporters that there is no point in placing tariffs on Mexico's steel and aluminum exports.
It is even more important to note the existence of the United States-Mexico-Canada Agreement, which benefits all three parties, she said.
At the same press conference, Mexican Economy Minister Marcelo Ebrard said the United States earns more from trade with Mexico.
Imposing these tariffs would raise the price of components used in different industries, including...