Mexico targets irregular steel and textile imports

Mexican officials declared repression on unauthorized steel and textile imports and informed new plans to provoke economic growth on Monday.

During a press conference of President Claudia Shinbam, Finance Minister Edgar Amador Government procurement has been announced to increase national content by 10% and 10% of its production imports.

The project could support a 0.7% increase in GDP annually and help to create 700,000 jobs, Amador said.

This action follows US President Donald Trump Introducing 25% of the fees on all steel and aluminum imports For the United States on March 12, from countries’ party to free trade agreement.

In the quarter of 2025, the Mexican economy Increased by 0.2% compared to the last trimester of 2024Changing 0.6% in the last quarter and avoiding technical recession.

Mexico cracks unauthorized steel and textile imports

Officers reviewed the list of 2,233 steel plants agreed to import goods in Mexico, and canceled the registration due to irregularities and conflicts of 1,062 (48%).

“We have employees in nearly six countries around the world, and are conducting research,” said Economic Minister Marcelo Ebert.

All steel mills who wish to export goods to Mexico must register with the Ministry of Economic Ministry for evaluation and approval.

In addition, Federal Manufacturing, Macviladora and Export Services Industry (IMMES) program allows companies to temporarily import goods to Mexico, which will be exported to foreign markets immediately, finding eight textile companies – five textiles and three footwear – they are illegally imported, as they said.

“They have never exported anything; they were deceiving the government, so action has been taken,” said Ebert.

“There are five of them, including the cancellation of customs agencies, and they are currently working on the cancellation of them and the accounts of those involved,” he said.

Companies are now investigating the transactions of 24 billion pesos ($ 1.2 billion).

On May 14, Ebert announced a meeting between textile and garment rooms and national and foreign companies to solve the issue.

The government is also planning to implement the price reference points for imports of furniture, toys, sports equipment, paper and cards, Ebrard said.

“Many times, (importers) give us a price below the market value,” said Ebert. “That’s why we are making reference prices, so you can’t announce a price below.”

With reports from ReoidOvarian Political animal And Economist