MEXICO CITY, June 3 (Reuters) – Mexico expects the U.S. to modify a 10% goods tariff proposed by the Trump administration as part of its effort to target countries it says have failed to curb forced labor.
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The Mexican Ministry of Economy said in a statement published late on Tuesday that the new U.S. tariffs are still a proposal and that there would be a 45-day process involving consultations and discussions before they become final.
• The USTR announced that it would impose 10% duties on imports from Canada, Ecuador, the European Union, Indonesia, Mexico, Pakistan, Argentina, Bangladesh, Cambodia, El Salvador, Guatemala, Malaysia, Taiwan and Britain.
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• The USTR added that it would impose additional duties of 12.5% on the remaining 45 countries it investigated.
• Mexico will present arguments to avoid the proposed duties during the bilateral discussions that are part of the review of the United States-Mexico-Canada Agreement (USMCA), according to the Ministry of Economy’s statement.
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(Reporting by Aida Pelaez-Fernandez and Raul Cortes; Editing by Paul Simao)
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