Mexico’s Metals Hit With U.S. Tariff Two Weeks After Reprieve

It ended up being a short-lived reprieve for Mexican steel and aluminum.

Just two weeks after announcing he was lifting tariffs on imports of the metals from Mexico, U.S. President Donald Trump has said he will impose a 5% duty on Mexican goods until it stops immigrants from entering the U.S. illegally.

The new tariff will take effect on June 10 and Trump warned it will “gradually increase until the illegal immigration problem is remedied, at which time the tariff will be removed.” Levies could rise as high as 25% on Oct. 1.

Trump said earlier this month that ...