Slim Sounds Alarm: Steel Tariffs Threaten Mexican Economy

PANAMA CITY (Sputnik) — The National Chamber of the Iron and Steel Industry of Mexico (Canacero) repudiated Washington's new tariffs and demanded that President Claudia Sheinbaum take retaliatory measures.

Slim Sounds Alarm: Steel Tariffs Threaten Mexican Economy

President Donald Trump has announced a sweeping new round of tariffs on steel and aluminum imports, escalating trade tensions with key US allies including Canada, Mexico, and Brazil. The move, which imposes a 25% tariff on the specified metals, is set to take effect on March 4th, according to White House sources, and threatens to disrupt established trade flows and potentially ignite retaliatory measures.The tariffs represent a significant inten…

Reading time approx.: 2 minutes, 30 secondsThe firm's supposed base included the forecast that, "eventually," the problems will be resolved, which is "fundamental to maintaining economic stability and investor confidence." Risks are high, he notes. At a time when the Mexican economy slows down, with Latin America's projected lower growth rate by 2025, ending 2024 below expectations, and with declining public finances, the uncertainty factor unco…