US tariffs on mexico affect peru

CNC
Added On June 8, 2018

On Tuesday, Peruvian president Martin Vizcarra said that U.S. tariff measures imposed on Mexico will affect Peruvian exports to the U.S. market.
 
The U.S. tariff measures on Mexico are 25 percent on steel and 10 percent on aluminum.
 
SOUNDBITE(Spanish)MARTIN VIZCARRA, Peruvian President
"So the problems that Mexico may have with the United States are surely the result of that clear position that the United States has today, and that has even affected us in terms of restrictions on access to our steel in the market. Despite the fact that it was not very significant, we still have restrictions, on which position we have asked the United States government to reconsider."
 
Vizcarra said that, since March, there has been growth in Peru's GDP, adding that the growth target was one percent for this year and next year.
 
SOUNDBITE(Spanish)MARTIN VIZCARRA, Peruvian President
"We think that an economy, with all the characteristics of our country, growing at 2.5% as in 2017, is not developing its growth potential. And that is why that same year, where the economy grows 2.5%, poverty grows 1%, then you have to increase the percentage of growth."
 
According to the Foreign Trade Research and Development Institute, Peruvian steel exports to the United States totalled 17.1 million U.S. dollars in 2016, and over 36 million in 2017.
 
Aluminum exports were registered at 236,000 U.S. dollars and 747,000  respectively.