The electronics industry is the most affected by the imposition of tariffs on steel and aluminum by the United States government, said Alejandro Jaramillo Osuna, president of the National Chamber of the Transformation Industry (Canacintra) in Tijuana.
“Locally, the most affected industry is the electronics manufacturing industry. The panels that go behind televisions are made of special steels, that's one example,” he said.
On April 23, 2024, the Mexican government issued a decree amending the General Import and Export Tax Law, establishing temporary tariffs of between 5% and 50% on steel, aluminum, textiles, footwear, wood, plastics, and manufactured goods.
“There are many global companies that have operations in many parts of the world, so they are readjusting their production plans to produce more in other regions and a little less here,” he said.