Without Fear of Trump’s Tariffs: Mexico’s Steel Industry Will Invest 8,700 Mdd

The Mexican steel industry will invest $8.7 billion over the next five years, despite the 25 percent tariff threat to Mexico’s exports to the United States imposed by President Donald Trump on the metal produced in the country. “The truth is that, despite this tariff threat, from the Mexican steel industry we endorse our investment commitment; we plan to invest $8.7 billion for the next five years, an amount that also goes in line with Plan Mexi…

CITY OF MEXICO.- La Canacero estimates that, in the event of maintaining 25 percent tariffs on steel, the sector would experience a contraction of 300 thousand tons The above, in voice of Oscar Chahín Trueba, director of Tyasa, and member of the National Chamber of the Iron and Steel Industry (Canacero), during the 77th assembly of the organization. In a press conference the House was questioned if the tariffs imposed by Trump have generated som…