Subject to quantitative limits under U.S. note 7(b) as per HS subchapter; must comply with USMCA rules of origin and documentation requirements.
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Last updated: 1 year ago
News and Updates
Recent News
U.S. and Mexico Agree on Revised Quantitative Limits for Steel Imports
The U.S. and Mexico have updated the quantitative limits under U.S. note 7(b) for specific steel products under HS codes, allowing for a slight increase in import quotas to support bilateral trade.
October 10, 2023
Impact: This adjustment is expected to ease supply constraints for U.S. manufacturers reliant on Mexican steel, while maintaining protective measures for domestic producers.
Mexico Challenges U.S. Quantitative Limits on Agricultural Exports
Mexico has raised concerns over the restrictive quantitative limits specified in U.S. note 7(b) for certain agricultural products under HS codes, seeking renegotiation under USMCA frameworks.
September 15, 2023
Impact: Potential revisions could increase Mexican agricultural exports to the U.S., impacting U.S. farmers and market prices if limits are relaxed.
U.S. Customs Tightens Enforcement of Quantitative Limits on Mexican Imports
U.S. Customs and Border Protection announced stricter monitoring of imports under U.S. note 7(b) to ensure compliance with quantitative limits for specific HS-coded goods from Mexico.
August 20, 2023
Impact: This may lead to delays in shipments and increased scrutiny for Mexican exporters, potentially straining trade relations in affected sectors.
Policy Updates
Amendment to U.S. Note 7(b) Quantitative Limits for Steel and Aluminum
The U.S. Trade Representative announced a minor revision to the quantitative limits under U.S. note 7(b) for steel and aluminum imports from Mexico, increasing quotas by 5% for the 2023-2024 period to address supply chain needs.
Date: October 5, 2023
USMCA Review of Quantitative Limits on Agricultural Goods
Under the USMCA agreement, a joint committee has been tasked with reviewing the quantitative limits specified in U.S. note 7(b) for agricultural products from Mexico, with a report expected by Q1 2024.
