US EditionMexico to require federal projects to use local steel in response to US tariffs
The rule directs 19 federal agencies to buy domestic steel and backs more than $8 billion in investment commitments, officials said.
- On Wednesday, Mexican President Claudia Sheinbaum announced a rule requiring all federal work projects to use steel from Mexican companies, following failed negotiations to lift United States tariffs.
- U.S. Trade Representative Jamieson Greer indicated last week that the USMCA review would not remove existing sector tariffs, leaving Mexico's efforts to secure a deal unsuccessful.
- Mexico relies on the United States for 80% of its exports, with automotive and steel industries shipping more than 50% of their goods to the world's largest economy.
- Sheinbaum's mandate marks a shift for Mexico, which has historically avoided policies that could irritate its largest trading partner, despite Trump's 50% tariffs imposed last year.
- This initiative aims to reduce Mexico's economic dependence on the United States during the broader USMCA review, as other nations like Canada have also sought trade resilience.
37 Articles
37 Articles
Mexico Mandates Local Steel for All Government Projects
Key Points —President Sheinbaum signed the Agreement for the Promotion of the National Steel Industry, requiring all government steel purchases to be sourced from domestic producers. —The pact covers 19 federal agencies and three industry chambers, with over $8 billion in investment commitments and 90,000 direct jobs at stake. —Mexico produced 14 million tonnes of […] The post Mexico Mandates Local Steel for All Government Projects appeared firs…
China and Korea would be the countries affected by President Claudia Sheinbaum’s plan to strengthen the steel industry in Mexico, because imports will be reduced. “We put tariffs on steel coming from countries that do not have a trade agreement with Mexico, that limits the import of steel,” explained the president during her ‘morning’ conference on Wednesday, April 29. Sergio de la Maza, president of the National Chamber of the Iron and Steel In…
In the midst of the decline of the national steel industry, entrenched by U.S. tariffs and the advance of Asian imports, Mexico’s president Claudia Sheinbaum has reached an agreement with steel companies in which it is guaranteed that public purchases will prioritize Mexican steel. “This is an agreement so that what is produced in Mexico is bought by the government, that we don’t import products that are manufactured in Mexico,” said the preside…
Faced with US tariff pressures, the federal government launched a plan to strengthen the domestic steel industry, with the aim of replacing imports and raising national content in public works. The agreement states that government purchases should favour steel produced in Mexico, as part of a strategy to underpin domestic production and protect employment in the sector. "It is a firm that has perhaps never signed such a firm, it is historic, of …
Mexico to require federal projects to use local steel in response to US tariffs
Mexico's President Claudia Sheinbaum on Wednesday announced a rule that all federal work projects use steel from Mexican companies, after attempts to reach a deal to lift U.S. steel tariffs failed.
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