Internet reports that 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 Lutnik. The above-mentioned person said that under current terms, U.S. buyers can import Mexican steel duty-free as long as they control total shipments below levels based on historical trade volumes. The new cap would be higher than that allowed under a similar agreement during Trump's first term. Data from the U.S. Department of Commerce shows that the total amount of steel imported by the United States from Mexico last year was approximately 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 2015-2017 average.