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USCMA Watch: Trump Offered Steel-for-Pork Swap For Early Deal Signing

Ags - Fruit/Veg 107 Ags - Meat/Dairy 191 Consumer Staples 588 Materials - Metals/Mining 614 Metals - Aluminum 190 Metals - Steel 427 Mexico 708 Tariffs 1612 U.S. 4464 USMCA 424

Jesús Seade, chief trade negotiator for incoming Mexican President Andrés Manuel López Obrador, has indicated the U.S.-Mexico-Canada Agreement (aka NAFTA) shouldn’t be signed sooner than November 30 unless U.S. section 232 duties on steel and aluminum are removed. President Trump may want an earlier, ceremonial, signing ahead of the U.S. midterm elections.

Mexican exports of steel and aluminum covered by the tariffs were worth $3.15 billion in the 12 months to August 31, or 6.6% of total U.S. imports of those metals. The potential winners on the U.S. side – assuming Mexico also ca...

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