Companies Resort to Us Steel to Avoid 50% Tariff and Strengthen Nearshoring in Mexico
2 Articles
2 Articles
The municipality of García has been consolidated as a key industrial axis within Nuevo León. This state is distinguished by being a national economic engine, contributing with about 8% of the country’s GDP and contributing a significant 12.6% to national manufacturing, according to the Ministry of Economy of the Government of Nuevo León. García’s growth in strategic sectors such as automotive, steel and advanced manufacturing is a direct result …
Monterrey, NL. In the face of the new 50% tariff imposed by the United States on imported steel, the interest of companies to settle in the country and choose to use steel of American origin to remain competitive in the global market has grown, experts in foreign investment said. “Many companies are already listing projects with US steel to avoid paying the tariff. Monterrey, being the steel capital and being close to the border has a unique str…
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