The US and Mexico are about to reach a protocol to exempt a specific quantity of steel imports from Trump's 50% tariff.

On June 11, according to informed sources, the United States and Mexico are about to reach a protocol to eliminate the 50% tariff imposed by Trump on steel imports below a certain quantity. Trump did not participate directly in the negotiations, which were led by U.S. Secretary of Commerce Gina Raimondo.

The aforementioned individuals stated that under the current terms, American buyers can import Mexican steel duty-free as long as they keep total shipments below a level based on historical trade volume. The new cap will be higher than the limit allowed by a similar agreement during Trump’s first term. According to data from the U.S. Department of Commerce, the total amount of steel imported by the U.S. from Mexico last year was approximately 3.2 million tons, accounting for 12% of total U.S. steel imports.

During Trump’s first term, the United States and Mexico reached an agreement in 2019 to prevent the import volume from exceeding the average level during the period of 2015-2017.