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Mexico's steel, aluminum exports fall as US tariffs bite economy

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Mexico's steel, aluminum exports fall as US tariffs bite economy

2026-04-02 17:40 Last Updated At:04-03 12:55

Mexico's industrial base is under continuous strain as U.S. tariffs on its steel and aluminum exports cause a sharp decline in shipments.

Last June, the United States raised tariffs on imported steel and aluminum from 25 percent to 50 percent. These hefty duties have stifled Mexico's steel exports and put pressure on key industries across its economy.

Companies in Mexico's metals sector, including the metal distribution firm Suinox Metals, are already struggling to keep afloat.

"Our sales are very low, and we're experiencing delays in raw material deliveries," said Brandon Carmona, a worker at Suinox Metals.

Although the U.S. Supreme Court ruled in a 6-3 vote in February that Trump's tariff policy under the International Emergency Economic Powers Act was illegal, the 50 percent tariff on steel and aluminum products remains in effect.

The measure has thrown Mexico's metals industry into disarray, as steel exports to the U.S. have dropped by nearly 50 percent. With factories shuttering, national production has fallen by a third.

The fallout extends far beyond the metals industry. In Guadalajara, construction projects are becoming increasingly expensive and are taking longer to complete. As steel and aluminum -- essential materials for everything from structural frames to roofing -- become more costly, related sectors are also starting to struggle.

According to industry analysts, the current crisis is eroding Mexico's self-sufficiency in metal production. Taken together, the impact on industries including construction, automotive, and home appliances amounts to roughly 2 percent of Mexico's gross domestic product (GDP).

Mexico's steel, aluminum exports fall as US tariffs bite economy

Mexico's steel, aluminum exports fall as US tariffs bite economy

The three astronauts of the Shenzhou-23 crewed spaceflight mission have boarded the spacecraft for a flight to China’s Tiangong space station.

The Shenzhou-23 crewed spaceship is scheduled to blast off at 23:08 Beijing Time (15:08 GMT) from northwest China's Jiuquan Satellite Launch Center.

The three Chinese astronauts, commander Zhu Yangzhu, spacecraft pilot Zhang Zhiyuan and payload specialist Lai Ka-ying, climbed aboard the spaceship with the help of technicians.

Following the launch, the astronauts will complete an in-orbit rotation with the outgoing Shenzhou-21 crew, and one of them will conduct a one-year in-orbit stay, double the usual duration of previous Shenzhou missions.

Notably, astronaut Lai Ka-ying is also the first astronaut from China's Hong Kong Special Administrative Region.

Shenzhou-23 marks the 40th flight of China's manned spaceflight program, and the seventh manned flight mission since the Tiangong space station entered its application and development phase in late 2022.

Shenzhou-23 astronauts board spaceship ahead of launch

Shenzhou-23 astronauts board spaceship ahead of launch

Shenzhou-23 astronauts board spaceship ahead of launch

Shenzhou-23 astronauts board spaceship ahead of launch

Shenzhou-23 astronauts board spaceship ahead of launch

Shenzhou-23 astronauts board spaceship ahead of launch

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