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Canacero hits out at new US steel tariffs

Written by Ethan Bernard

June 4, 2025

Mexican steel trade group Canacero has condemned the US’ actions of doubling tariffs on steel and aluminum to 50%.

“Canacero regrets and rejects the unjustified decision of the United States government to impose and increase tariffs on steel imports from Mexico,” the group said in a press release in Spanish on Tuesday.

The group noted the decision would affect trading partners in the North American region “as China and other Asian countries increase subsidies and depreciate their currencies to evade these tariffs.”

Canacero said the best solution is working together as a region.

“Mexican steel does not represent a threat to the US market,” Canacero said. “On the contrary, we are complementary, and our country is completely open to US exports.”

“We trust in the ongoing negotiations led by the “(Mexican) Ministry of Economy and in the urgent measures that will be established as a result,” the group concluded, hinting at possible retaliatory measures to come from the Mexican government.

Ethan Bernard

Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA. in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

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