Summary
President Donald Trump imposed tariffs on steel and aluminum, affecting Mexico's steel industry, particularly in Nuevo Leon. These tariffs have led to reduced production and business for local metal workshops, and negotiations between the U.S. and Mexico are still ongoing.
Key Facts
- The U.S. imposed 25% tariffs on steel imports in March, later increasing to 50% in June.
- In response to these tariffs, Mexican steel and aluminum exports to the U.S. decreased significantly in value.
- Tariff talks are ongoing, with a recent call between Mexican President Claudia Sheinbaum and President Trump extending a tariff pause for a short period.
- The tariffs impact not just the steel industry but also auto production and electronics, affecting a wide range of products.
- Nuevo Leon's steel industry faces challenges from tariffs enacted under U.S. national security measures.
- Tesla's planned Gigafactory project in Nuevo Leon got delayed, partly due to trade policy uncertainty.
- Local workshops like Maquinados Bera report a major slowdown in production and business demand due to these factors.
