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June 11, 2025

US and Mexico Near Trade Agreement to Ease Steel Tariffs

The United States and Mexico are nearing a pivotal trade agreement aimed at reducing the burden of President Donald Trump’s proposed 50% tariffs on steel imports. According to a comprehensive report by Bloomberg, this deal could allow a portion of steel imports to enter the US duty-free. As these discussions advance, the implications for both nations’ economies could be significant, highlighting the ongoing adjustments in international trade policies. Monitoring the development of this agreement is essential for stakeholders in the steel industry and beyond. Its potential impact on prices and trade relations warrants close attention.

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