U.S. and Mexico clamp down on Chinese steel imports

SAO PAULO/WASHINGTON -- The U.S. is moving to curb imports of cheap Chinese steel flowing into the country via Mexico, while Latin American countries raise their own tariffs in a bid to prevent the glut from moving their way instead.

In a joint effort with Mexico, Washington on Tuesday said that steel products entering the U.S. across the southern border that did not originate in North America will be subject to additional tariffs.