Mexico imposes 25% tariff on imports of steel to improve domestic market.

The new tariff effective from Aug. 16 will last until July 31, 2025, for steel products like rebar, wire rod, hot-rolled coil, cold-rolled coil, coated flat steel, rectangular hollow sections, steel tubes, among others.

The government also increased tariffs between 5% and 25% on other products such as aluminum, bamboo, rubber, chemical products, soap, paper, ceramic products, glass, electric material, musical instruments, and furniture, among others to provide certainty and fair market conditions to all sectors that face situations of vulnerability seeking the recovery of the national industry.