The Confederation of Associations of Customs Agents of the Mexican Republic (Caaarem) said that the 50 percent tariff imposed by the US to the imports of steel and aluminum lights the red foci in the Mexican industry, which is complementary and sells the key metals for the automotive industry and the construction.
“Starting from the base that there is surplus, of course (that the tariff) lights the red foci and we must understand, locate and wait for the meetings of the President of the Republic with the affected sectors,” said Miguel Cos Nesbitt, president of the Caaarem, said in the signing of the collaboration agreement between the Business Coordinating Council and the National Institute for the Education of Adults.
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He said it is important to locate the position of President Claudia Sheinbaum, who, she said, has expressed a very clear position to keep calm and wait for the implementation of tariff collection.
He declared that the United States trade balance has a steel and aluminum surplus, so it makes no sense to increase rates to 50 percent.
He added that you have to be attentive to what happens in the next few days.
EU annually sells more than 6,500 million aluminum dollars to Mexico, and our country exports more than 2,000 MDD to US territory.
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According to the National Chamber of the Iron and Steel Industry (Canacero), there is a bilateral trade of 10,000 MDD in steel between Mexico and the US every year.
“Between Mexico and the United States, more than 7.6 million tons of steel are sold and bought,” said the Caaarem.
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