Canacero urges measures to protect the national industry

The 25 percent tariffs announced on Monday united to steel and aluminum will seriously affect the steel industry and the entire North America metal chain, in addition to jeopardizing competitiveness and regional integration, the National Chamber warned on Tuesday of the iron and steel industry (Canacero).

The private organism expressed its deep disagreement with the unilateral decision of the United States government (shorten.link/ophgk0) and assured that the commercial balance of steel between the two countries reflects a surplus of 2.3 million tons in favor of the United States, at the end of 2024, so there is no justification for the imposition of rates.

Given this unilateral decision, the Canacero urges the Mexican government to take urgent commercial defense measures to protect the national industrythe organism said. If the exclusion of Mexican steel from this measure is not necessary, it will be necessary to apply reciprocal reprisals on US steel products.

Greater damage

He stressed that the high level of productive integration between the two countries and the regional benefit must be a priority to the threat of the excess capacity of China and the Southeast Asia. However, he urged the Mexican government to take urgent measures of commercial defense to protect the national industryhe emphasized.

According to the agency, tariff Apply mirror measures to US steel products.

Analysts agreed that tariffs – which will begin to be applied on March 12 – will have a negative economic effect in Mexico, but the greatest impact will be the integration of the productive chains of the region and in the companies and consumers of that country, who, who They will have to face much higher prices.

Rodolfo Ostolaza, deputy director of Economic Studies of Banamex, explained that with this measure will not only fall from the EU steel imports from Mexico, but also exports, resulting in an impact on the price of goods that are manufactured with those inputs, Mainly cars, which will raise inflation and affect US consumers.

Annual Steel and Aluminum Sales to the United States show data from the Bank of Mexico, represent approximately 2 percent of the value of the total exports of our country, which in 2024 closed by just over 600 billion dollars.

Sergio Negrete Cárdenas, an academic of the Autonomous Technological Institute of Mexico, stressed that although Canada is the country most affected by the great surplus he has with EU, Mexico will also resent it: One thing is that it does not sink us into a recession and another that does not affect us. However, the most impact is the US consumer and the automotive industry, steel consumer voraz.

Carlos Bautista, a specialist in International Trade from La Salle University, stressed that the North American Free Zone was created to complement and unite the markets of the three countries, so it is essential to have tariff free products, so that The goods are not so expensive, thus avoiding inflation.

Trump government protectionist measures are affecting many industries, because from one day to another, raw materials will be more expensive with tariffs, harming the final price of various products. It is expected to negotiate this issue with the US government to avoid these rateshe concluded.