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US, Mexico near deal to lower or eliminate 50% steel tariffs, affecting US steel stocks.
The US and Mexico are nearing a deal to reduce or remove the 50% steel tariffs imposed by the Trump administration on Mexican imports.
The proposed agreement could allow a fixed volume of steel from Mexico to enter the US duty-free or at reduced rates, based on historical trade volumes.
The deal, which still needs final approval, has caused a decline in US steel company stocks like Cleveland-Cliffs, as it signals a potential easing of trade tensions between the two countries.
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Estados Unidos, México cerca de un acuerdo para reducir o eliminar el 50% de los aranceles al acero, afectando a las existencias de acero de Estados Unidos.