The construction industry does not anticipate any impact on input prices following the application of tariffs on steel and aluminum materials, stated Víctor González Mendívil, president of the Mexican Construction Industry Companies in Tijuana, Tecate, and Rosarito Beach (Comice TTR).
He believed the measure could benefit the sector, as it will reduce imports and increase the availability of materials locally.
Since March 12, the United States government has imposed a 25% tariff on steel and aluminum imports, including those from Mexico and Canada, through an executive order from President Donald Trump.
In this regard, the president of Comice TTR commented that while there could be a negative impact from this tariff measure, so far none has been reflected due to the existence of material inventories.
In the event of a possible increase in construction costs, he indicated that this would occur gradually, although no significant adjustment has been recorded so far.
Regarding construction materials made of steel or aluminum and imported from the United States, he assured that they will not increase in price, since the Mexican government has not applied a reciprocal tariff.