Economy

Mexico Unveils Strategic Measures to Shield Auto, Aluminum, and Steel Industries from US Tariffs

Protecting Key Sectors

In a bold move to safeguard its economy, Mexican President Claudia Sheinbaum announced a series of eighteen strategic measures aimed at protecting the automobile, aluminum, and steel industries from impending US tariffs set to take effect in May.

Strategic Independence and Growth

Among the highlighted strategies are achieving energy and electricity independence, revitalizing the construction sector, and enhancing the semiconductor and battery industries to ensure long-term growth and stability.

Avoiding Further Tariffs

Sheinbaum expressed relief over Mexico's exclusion from the latest US tariff list but remains vigilant, given previous impositions on automobiles, aluminum, steel, and a blanket 25% tariff on all exports.