Mexico’s steel exports to US are down 16.6% in wake of tariff

Mexican alloy exports to the United States declined sharply successful the archetypal fractional of 2025, deed hard by U.S. tariffs that accrued the outgo of importing the alloy into the world’s largest economy.

Official U.S. information shows that the worth of the alloy and alloy products Mexico sent to the U.S. betwixt January and June was US $4.59 billion, an yearly diminution of 16.6%.

Mexico’s stock of the U.S. marketplace for alloy imports besides declined, falling to 12.3% successful the archetypal fractional of 2025 from 13.4% successful the aforesaid play of past year. Despite the decline, Mexico remained the third-largest alloy exporter to the U.S., down Canada and China.

The United States implemented 25% tariffs connected imports of alloy and aluminum from countries astir the satellite connected March 12. The work for astir countries, including Mexico, was doubled to 50% connected June 4.

In February, erstwhile signing a proclamation restoring conception 232 (national security) tariffs connected each alloy and aluminum imports careless of wherever they travel from, U.S. President Donald Trump said that “our federation requires alloy and aluminum to beryllium made successful America, not successful overseas lands.”

The United States’ imports of alloy declined successful yearly presumption successful the archetypal fractional of 2025, indicating that Trump’s tariff has helped to trim that country’s reliance connected overseas steel.

Mexico adjacent to striking a woody connected US alloy tariffs, Bloomberg reports

The Mexican authorities has been attempting to negociate a woody with the Trump medication to destruct oregon astatine slightest trim the tariffs that presently use to alloy and aluminum exports. However, nary statement has been reached.

U.S. tariffs besides presently use to vehicles made successful Mexico and goods not covered by the USMCA escaped commercialized pact.

Despite the U.S. protectionism, the worth of Mexico’s exports to the United States accrued 6.3% annually successful the archetypal fractional of the twelvemonth to scope US $264.38 billion, according to U.S. Census Bureau data.

Mexico’s alloy exports to US person declined successful caller years 

U.S. information compiled by the paper El Economista shows that the worth of Mexico’s alloy exports to the United States was US $7.1 cardinal successful the archetypal fractional of 2022, an summation of 58.8% compared to the aforesaid play of the erstwhile year.

Mexican alloy exports to the U.S. declined successful the archetypal six months of consequent years, falling 15.3% to $6.01 cardinal successful the archetypal fractional of 2023, and an further 8.3% to $5.51 cardinal successful the archetypal fractional of 2024.

The implementation of the U.S. tariffs this twelvemonth caused the complaint of diminution to summation to 16.6%.

Mexico recorded shortage with US connected alloy trade  

The Mexican authorities has argued that a tariff connected Mexican alloy is unfair and unjustified, fixed that Mexico runs a shortage with the United States connected the commercialized of the metal.

Mexico imported U.S. alloy and alloy products worthy $6.73 cardinal successful the archetypal six months of 2025, leaving it with a $2.14 cardinal shortage with its bluish neighbour connected the commercialized of the metal.

With reports from El Economista