U.S. tariff policy toward Mexico is primarily governed by the USMCA and Sections 122, 232, and 301. Mexico ranked as the United States’ top trading partner in goods in 2025. Trade flows of goods between the two countries reached $872.834 billion. U.S. Tariff Policy Mexico’s exports to the
Oil and gas production in Mexico fell in 2024 and 2025 on a year-over-year basis and in real terms. This occurred according to data from INEGI. At the same time, Foreign Direct Investment (FDI) inflows into the country’s oil and gas extraction sector recorded a negative balance of
Capacity utilization in the Mexican manufacturing sector has historically remained around 80%, reflecting market-driven adjustments, according to data from the Ministry of Economy. Capacity utilization measures the percentage ratio between actual production volume and maximum (theoretical) potential output. As an operational indicator, it allows for the assessment of
China’s steel production capacity rose from approximately 131.8 million metric tons (MMT) to over 1,000 MMT between 2000 and 2019. This represents an increase of more than 600 percent. According to OECD databases on steel capacity, this production surge was largely driven by government policies aimed at rapid
The National Chamber of the Iron and Steel Industry (Canacero) proposed to the USTR that it impose sanctions on steel transshipment in coordination with Mexico. In addition, the Chamber suggested that the U.S. government establish a North American Steel Coordination Mechanism. Steel Transshipment Canacero proposed to the USTR
Automobile and truck production in Mexico declined in real terms in 2025, following a trend of ups and downs over the past decade. In 2025, Mexican manufacturing of both types of vehicles fell at a year-over-year rate of 9.1%, according to data from INEGI. Automobile and truck production