As of March 12, 2025, the United States has implemented a general 25% tariff on steel and aluminum imports as part of a policy to strengthen its domestic industry and reduce reliance on foreign imports.

Unlike previous decisions, no exemptions are granted this time, directly affecting key trade partners such as Mexico, Canada, the European Union, and China. Notably, this tariff will be added to the one previously established on March 4 (for which Mexico has an application extension until April 2), potentially raising the total tariff to 50% on certain metal products.

Impact on Mexico and Key Sectors

• Affected exports: It is estimated that $20 billion worth of Mexican products—4.7% of national exports and 1.5% of GDP—will be impacted.
• Vulnerable industries: Sectors such as automotive, appliances, and electronics will face rising costs, potentially slowing production and affecting competitiveness.
• Regional impact: At least eleven Mexican states, which heavily depend on these industries, could experience an economic slowdown.

International Reactions

• Mexico: President Claudia Sheinbaum stated, “We will wait until April 2 to make a final decision on whether to impose reciprocal tariffs on steel and aluminum.”
• European Union: Will challenge the measure at the WTO and apply trade retaliations worth €26 billion.
• China and Canada: Both have condemned the measure and are considering trade countermeasures.

Economic Impact and Financial Markets

International markets have shown volatility. While U.S. steel companies benefit, other industries face rising production costs. In Mexico, businesses must assess the impact on supply chains and product prices.

The Mexican government is already evaluating retaliatory measures and seeking diplomatic solutions with the U.S. Companies must adjust their import strategies and pricing in response to rising costs, particularly in key sectors such as manufacturing, automotive, and construction.

At Calderón Marín, we offer specialized advisory services to help mitigate the fiscal, commercial, and foreign trade impact of this measure. If your company is affected by these tariffs, contact us for tailored solutions to ensure your business stability.