The Department of Commerce has confirmed that producers and exporters of standard steel welded wire mesh from Mexico receive countervailable subsidies. This means that these businesses benefit from financial aid provided by the Mexican government, which can give them an unfair advantage in international trade. The investigation covered the period from January 1, 2019, to December 31, 2019, and included major companies like Aceromex and Deacero. The U.S. authorities may impose duties on these imports if the International Trade Commission determines that they harm the U.S. industry.
Simple Explanation
The U.S. government found that some companies in Mexico got special help from their government to make and sell a type of steel mesh, which might make it unfair for American companies. They are thinking about making a rule to help U.S. businesses by adding extra fees when buying this mesh from Mexico.