Slim Sounds Alarm: Steel Tariffs Threaten Mexican Economic Stability
Trump threatens 25% tariffs on steel/aluminum, hitting Mexico (80% of exports), Canada and Brazil. Carlos Slim warns of economic risks. Increased US border surveillance. Legal challenges expected. Infonavit sues over housing fraud.
President Donald Trump has announced a sweeping new round of tariffs on steel and aluminum imports, escalating trade tensions with key US allies including Canada, Mexico, and Brazil. The move, which imposes a 25% tariff on the specified metals, is set to take effect on March 4th, according to White House sources, and threatens to disrupt established trade flows and potentially ignite retaliatory measures.
The tariffs represent a significant intensification of Trump's protectionist trade agenda. While the precise mechanism for implementing the tariffs remains unclear, given that he is not currently in office, the announcement itself carries considerable weight in the metals market and in diplomatic circles. It signals a clear intention to prioritize domestic production and challenge existing trade agreements, echoing the policies of his previous administration.
