Government/Policy
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
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