Odaily Planet Daily News According to people familiar with the matter, the United States and Mexico are about to reach an agreement to cancel Trump's 50% tariff on steel imports below a certain amount. Trump was not directly involved in the negotiations, which were led by U.S. Commerce Secretary Lutnick. The above-mentioned people said that under the current terms, as long as U.S. buyers keep total shipments below levels based on historical trade volumes, Mexican steel can be imported duty-free. The new cap will be higher than the cap allowed by a similar agreement during Trump's first term. Data from the U.S. Department of Commerce showed that the total amount of steel imported by the United States from Mexico last year was about 3.2 million tons, accounting for 12% of the total U.S. steel imports. During Trump's first term, the United States and Mexico reached an agreement in 2019 to prevent imports from exceeding the average level during 2015-2017.