Mexico's Steel Policy: A Self-Reliance Move

0:00On April 29, Mexico's president Claudia Scheinbaum just dropped a big move announcing that all public work projects nationwide will now use steel, made only by Mexican companies. She made the call during her daily morning press conference, stressing that government buys will stick to homegrown steel to boost local production. This comes right after U.S. President Donald Trump slapped 50% tariffs on steel and aluminum imports from Mexico and other spots last year, hitting their exports hard. Mexico's been pushing hard for break on those tariffs, floating ideas like letting a set amount of steel enter the U.S. duty free or at lower rates, with anything extra-facing the full 50% hit. But last week, U.S. trade representative James and Greer shut that down, telling Mexico's auto and steel folks not to count on tweaking the U.S.-Mexico Canada agreement to drop those tariffs anytime soon. Now Mexico's doubling down on self-reliance with this policy, keeping the trade talks alive while shielding their steel

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