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Peru Requested The United States To Suspend Tariffs On Goods For $25 Million US Dollars

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The Vice Minister of Foreign Trade, Édgar Vásquez, reported that the Peruvian government made a formal request to the United States for steel and aluminum Peruvian exports to be exempted from the 25% and 10% tariff, respectively.

“We have made a formal request at the level of President Vizcarra to remove us from this regulation (…) considering that we are a very small fraction of imports,” said the vice minister at the XII International Summit of Foreign Trade organized by the Chamber of Commerce of Lima (CCL) and El Comercio.

As indicated, the affected Peruvian products amount to $25 million US dollars and represent 0.3% of US imports; against the $300 billion US dollars of Chinese goods that are affected by commercial tensions, according to information from El Comercio.

In this regard, Vásquez said that the external volatile environment has only affected traditional exports due to the lower price of copper. However, if trade tensions deepen, value-added exports would lose their momentum, he added.

“The lower price of copper along with project delays – the Toquepala expansion that was estimated in June and will now be in November – has caused traditional exports to slow down,” he added.

(Source)
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Ermelinda is a journalist from Caracas, Venezuela. She has a Master’s degree in Digital Journalism and has recently finished a technical degree in Veterinary Assistance because of her love for animals. She likes to do sports, but especially ballet, which she has practiced for more than 17 years. Her passion is to read, write, and blog about different topics, as well as travel whenever she can.