Nearshoring to Mexico is not just about finding an industrial site. It’s about finding the right park, the right partners, and the right data—on a single platform.Mexico Industrial Real Estate Marketplace is a SaaS-powered nearshoring hub that helps industrial park developers and owners manage and showcase their assets while connecting them with site selectors, tenants, investors, and brokers in one place. Beyond listings, it offers directories of trusted service providers across legal, tax, construction, logistics, and operations, making it a true one stop shop for companies landing manufacturing and logistics operations in Mexico.
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Mexico opened the weekend with a fresh wave of announcements across industrial, energy, transport, tourism, and infrastructure, reinforcing its position as the region’s leading nearshoring and FDI hub.Mexico entered March with a 2026 investment pipeline already above US$5.8 billion in announced and inaugurated projects, spanning energy, industrial parks, automotive, and logistics, according to a recent national investment roundup.
The latest portfolio data shows more than US$406 billion in active and announced projects across 2,500+ initiatives nationwide, underscoring depth of the current FDI and nearshoring. During January and February, Mexico accumulated US$5.839 billion in announced and inaugurated investments, according to a consolidated review of business projects across several states. The total includes both domestic and foreign capital directed toward strategic sectors such as energy, automotive manufacturing, pharmaceuticals, industrial parks, food processing and advanced manufacturing.
This inflow of productive capital reinforces the country’s position as one of Latin America’s most active investment destinations despite rising global trade uncertainty.Projects were distributed across Aguascalientes, Queretaro, Guanajuato, Nuevo Leon, Coahuila, Michoacan, and Zacatecas, with a heavy concentration in the Bajio area and northern Mexico. Energy and industrial park developments captured the largest share of capital, while automotive and manufacturing investments remained steady across multiple regions, reinforcing regional supply chains and industrial clusters.
The first major wave of investment announcements came in January, led by large-scale energy and real estate developments that set the tone for the year. Among the most significant projects was a US$680 million energy investment by ESENTIA in Aguascalientes, where the company broke ground on a new facility. In parallel, Thor Urbana announced a US$3.4 billion investment for the development of industrial parks in Nuevo Leon, representing the single largest capital allocation reported in early 2026.Additional January investments diversified the sectoral mix. Abbott inaugurated a US$200 million pharmaceutical operation in Queretaro, while Nestlé Purina committed US$100 million to food production in Guanajuato. Mexican agroindustrial firm Sigrama also announced a MX$50 million investment in Coahuila, underscoring the role of domestic capital in the country’s industrial expansion.
Fibra MTY agrees to industrial purchase for $100 million. Fibra MTY announced two strategic transactions: the signing of an agreement for the subsequent acquisition of an industrial portfolio in Coahuila and Guanajuato for approximately $100 million, and the agreed sale of five office and retail properties for $46.8 million.Both transactions are part of its optimization strategy and focus on the industrial sector.
Nearshoring and T-MEC (USMCA) maintain an appetite for logistics and industry in Mexico, according to companies.Mexico is among the destinations where real estate capital remains active in 2026, driven by the relocation of supply chains or 'nearshoring' and by the framework of the Treaty between Mexico, the United States and Canada (T-MEC).Tariff tensions and the US strategy to reduce its dependence on Asia, particularly on China, accelerated the decision of manufacturing companies to bring their production closer to the US market. In that context, Mexico gained attractiveness as an export platform due to its geographical proximity, competitive costs and preferential access to the United States and Canada.
The governments of Mexico and the United States agreed to start the first formal round of bilateral talks towards the review of the T-MEC, which will take place in Washington during the week of March 16.The joint announcement of the Ministry of Economy and the office of the US Trade Representative (USTR), reported that the negotiating teams of both countries will start preparatory discussions with a view to the joint review of the treaty, a mechanism established in the agreement itself to evaluate its operation and possible adjustments.The head of Economy, Marcelo Ebrard and his counterpart, Jamieson Greer, of the USTR, instructed the negotiators to begin the analysis of measures aimed at ensuring that the benefits of the trade agreement are concentrated in North America.Among the topics will be the reduction of dependence on imports from other regions of the world, the strengthening of the rules of origin and the strengthening of the security of supply chains in the region.
When nearshoring to Mexico, having the right partner makes all the difference. Our team primarily represents industrial tenants and buyers providing expert site selection and facility acquisition for manufacturing and logistics companies across Mexico.
Ready to find your next Industrial Site in Mexico? Mexico Industrial RE empowers companies to find industrial space in Mexico — making site selection faster, easier, and more transparent.
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Leading digital marketplace for industrial and commercial real estate in Mexico, connecting investors, developers, and companies with verified listings, sites, properties, brokers, and industrial parks across the country.
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We empower decision-makers to understand market dynamics, identify strategic locations, and execute successful expansion and investment strategies in Mexico.
Leading source for insights & opportunities at the intersection of nearshoring and commercial real estate throughout Mexico. We track foreign direct investment, industrial development, site selection, and market trends that are reshaping manufacturing and logistics in the region.
Ideal for investors, developers, and decision-makers seeking to understand how nearshoring is transforming Mexico’s industrial and logistics landscape.
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Helps companies, brokers, and investors navigate Mexico’s growing nearshoring opportunities. From site selection to project execution, we link decision-makers with trusted partners.
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When nearshoring to Mexico, having the right partner makes all the difference. Our team primarily represents industrial tenants and buyers providing expert site selection and facility acquisition for manufacturing and logistics companies across Mexico.
Ready to find your next Industrial Site in Mexico? Mexico Industrial RE empowers companies to find industrial space in Mexico — making site selection faster, easier, and more transparent.
USA and Canada Toll free number 1 (800) 603-3460
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Guadalajara Telephone number +52 33 3348 2317
Mexico continues to post strong FDI momentum, with fresh manufacturing, logistics, and infrastructure moves underscoring the country’s nearshoring positioning and policy push under “Plan Mexico.” Recent data also confirm that 2025 FDI inflows are tracking above 2024 levels, led by manufacturing, auto parts, and energy-linked infrastructure.
Mexico attracted $40.906 billion in Foreign Direct Investment (FDI) during the third quarter of 2025 (3Q25) , a 15% increase compared to the same period in 2024, announced Marcelo Ebrard, head of the Ministry of Economy (SE) , who considered the figure reached in the period a new record .
“We are going to reach almost 41 billion dollars, that’s what we have this last quarter. If we compare it to 2024, it grew 15%,” Ebrard highlighted at the morning press conference this Wednesday. This pace of FDI, he explained, “means that investors from all over the world are deciding to invest in Mexico in a greater proportion than we had even expected.”
Of the total FDI in the period, the federal official highlighted that new investments were the area that showed the greatest dynamism in the cycle, going from two billion dollars to six billion five hundred million dollars .
“New investments in a country. That is, they are not reinvestments, but new investments,” he emphasized, adding that the sectors that will benefit are energy, data centers, infrastructure projects, and the financial sector.
Meanwhile, manufacturing accounted for 37.1% of total FDI, followed by financial services with 25.1%, construction with 5%; and transportation, postal and storage services with 4.8%, according to figures presented by Ebrard.
According to SE data, as of the third quarter of 2025, reinvestment of profits accounted for 68%, new investments for 16%, and intercompany accounts for 16%.
The United States accounted for 39.46% of total investment flows, confirming its strategic importance as Mexico’s main investment partner. It was followed by Spain with 14.09%, Japan with 7.05%, the Netherlands with 6.31%, and Canada with 5.61%.
By state, Mexico City remains the top destination for foreign investment, accounting for 55.77% of the total. It was followed by Nuevo León with 10.15%, the State of Mexico with 7.74%, Baja California with 4.36%, and Coahuila with 2.88% as of Q3 2025.
From 2018 to 2025, foreign direct investment in Mexico has grown by 69%, the Secretary of Economy pointed out, emphasizing that this represents “constant growth, but it is accelerating.”
He explained that the figure reached in the period means that investors have confidence in the Mexican government and consolidates a trend of growth in FDI in the country, since good results were also obtained in the previous quarter, with an FDI of 34 billion 265 million dollars .
Ebrard also reported that Mexican exports continue to rise , despite an adverse economic and geopolitical environment, framed by the United States’ tariff policy.
In that regard, he indicated that shipments of goods abroad grew 48% from 2020 to 2024, going from 417 billion dollars to 617 billion dollars , with an annual growth rate of 10.5% in the reference period.
FDI inflows remain on a record trajectory, with USMCA-driven trade and nearshoring announcements sustaining investor interest despite global uncertainty.
Manufacturing, auto parts, logistics, and energy/infra continue to dominate new projects, especially in northern and Bajío states.
“Plan Mexico” tax incentives and simplified procedures are now a central policy lever to lock in nearshoring, with an explicit 2025–2030 horizon.
Industrial activity in Mexico grows 0.7% in October and achieves better result in 8 months. Mexico's industrial activity advanced 0.8% monthly in October, in seasonally adjusted figures, its greatest increase in the last 8 months, thanks to a strong rebound in construction that overshaded the weakness of manufacturing, reported the National Institute of Statistics and Geography.
Mexico is projecting nearly 41 billion USD in FDI for 2025, a 15% year‑on‑year increase, with new investments (not reinvestment) jumping from 2 billion USD to 6.5 billion USD in the latest reported cycle.
New capital is concentrating in sectors tied to energy, data centers, infrastructure and financial services, reflecting investor appetite for assets backing nearshoring and digitalization.
In Durango, the Coficab II expansion reinforces the state’s Industrial Logistics Center, taking the firm’s cumulative investment above 170 million USD and employment beyond 1,400, with over 60 million USD tied to the new phase. Coficab, a Tunisian company, inaugurated its second plant in Durango, an investment of over $60 million, bringing its total investment in the state to more than $170 million. The company specializes in electrical cables for the automotive industry and also has a presence in Silao, Monterrey, and Juárez
Bayon Precision Automotive committed 28 million USD in San Luis Potosí for an EV‑focused aluminum die‑casting plant, while MLS México plans a 261.7 million USD LED‑lighting complex in Durango, collectively adding several thousand specialized jobs through 2030.
Grupo Cimarrón, a Chihuahua-based company that markets sweets, beverages, nuts, and seeds, will invest $20 million in a new plant in Toluca. Eighty percent of its production is exported to the United States.
Mercado Libre inaugurated its 14th distribution center in Mexico, located in Sinaloa, as part of a $5 million investment in the state. It has an area of 10,000 m2
Tongling Mexico has officially commenced construction of its new manufacturing plant in the Marabis Castro del Río hashtag#IndustrialPark in Irapuato, with an investment exceeding US$91 million.
With an investment exceeding $80 million, the new BunLan plant was inaugurated this Wednesday in Delicias, Chihuahua. Bun Lan specializes in hashtag#manufacturing injection-molded plastic components for the automotive and security industries, including sensors, control panels, and alarm devices. Its establishment in Delicias marks a strategic advancement in attracting industries related to automation and Industry 4.0 processes, which require specialized technical personnel and offer above-average regional salaries.
Nissan starts expansion of 120,000 m² in Aguascalientes to produce pick-ups. Nissan began the expansion of its A1 plant in Aguascalientes, adding more than 120,000 m² to produce its first pick-up in the state.
Smurfit Westrock is making a significant investment of $65 million in the development of a new plant in Ciudad Obregón, Sonora, aimed at producing corrugated cardboard packaging for breweries and food companies.
Stellantis Allocates More Production to Its Saltillo and Toluca Plants and Launches New Brand in Mexico. The Saltillo complex will manufacture the RAM 1500, and Toluca will assemble the Cherokee Hybrid and the Recon Electric, part of Stellantis' plan to expand its portfolio, employment, and production presence in Mexico.
DiscoveryCRE is Mexico's Premier Commercial Real Estate Liaison Specializing in Nearshoring and Industrial Tenant Site Selection. We help companies make informed SITE SELECTION decisions. Manufacturing and Logistics Operations.
When nearshoring to Mexico, having the right partner makes all the difference. Our team primarily represents industrial tenants and buyers providing expert site selection and facility acquisition for manufacturing and logistics companies across Mexico.
Ready to simplify your Mexico expansion?
USA and Canada Toll free number 1 (800) 603-3460
Mexico Toll Free number 800 099 1437
Guadalajara Telephone number +52 33 3348 2317
Luis@DiscoveryCRE.com
Thank you for reading our edition of the MexicoCRE Newsletter. Stay tuned for more updates and investment opportunities! 🙏
🌎💲FDI inflows are increasingly influenced by nearshoring, reflecting firms’ intent to serve North American markets efficiently under USMCA frameworks.
New FDI surges reinforce Mexico’s status as a North American industrial powerhouse; manufacturing, pharma, and food sectors dominate.
Government policy is sharply focused on leveraging nearshoring, infrastructure build-out, and SME support to sustain momentum.
Strategic states (Mexico City, Nuevo León, Hidalgo, Querétaro, Chihuahua) and emerging infrastructure corridors will be focal points for new investment.
Hospitality and branded experience investments underscore Mexico’s growing appeal as both an industrial and lifestyle destination.
Watch for ongoing policy and investment shifts as Mexico positions itself for accelerated regional integration and global supply chain realignment.
🏭 Chesisa Inaugurates New Industrial Park in the State of Mexico
The new infrastructure strengthens the Tultitlán-Tultepec industrial corridor and regional competitiveness.
The development company Chesisa inaugurated the first of six planned industrial parks in the municipality of Tultitlán, as part of an expansion plan that includes a total investment of 3.5 billion pesos and the creation of more than 2,800 direct and indirect jobs.
🏭 Industrial megaproject announced in Ramos Arizpe; spearheaded by GrupAvante.
The project represents a $150 million investment, aimed at strengthening the local and national economy. The Ramos Arizpe Municipal Government announced the arrival of the Avante Ramos Arizpe Industrial Park, a large-scale industrial project that includes a $150 million investment, with the goal of strengthening the municipality's economic activity and expanding its production capacity at the national level.
The development, spearheaded by Grupo Avante, will cover more than 185,000 square meters and will include five industrial buildings constructed according to international standards of quality, sustainability, and innovation. The infrastructure will be world-class, designed to attract advanced manufacturing and logistics companies.
🏭 Shacman Mexico Set to Establish Truck Assembly Plant in Puebla.
Shacman Mexico, the local arm of the Chinese bus and truck manufacturer, is embarking on a significant venture by constructing an assembly plant in Puebla. While specific investment details remain undisclosed, the company is gearing up to kick off production with 1,000 Shacman trucks, with plans to scale up to 4,000 units within the plant's third year of operation.
🚢🚢🚢🚢 Mexican Ports: Enabling Nearshoring Success
Mexico´s Ports are emerging as pivotal nearshoring hubs due to significant investments, modernization efforts, and their profound impact on the nation's manufacturing and industrial supply chain. In the evolving landscape of global supply chains, Mexico has attracted companies looking to establish production facilities in proximity to the United States, positioning its seaports as crucial elements of the nearshoring strategy.
With substantial investments, infrastructure enhancements, and improved connectivity to industrial zones and railways, these ports have evolved into strategic centers for manufacturing and exports.
Revolutionizing Infrastructure. Mexico is driving a port modernization initiative exceeding $22 billion, facilitating the development of new terminals, expanded docks, advanced cargo handling technologies, and enhanced transport links to highways and rail networks.
Leading the charge in this transformation are ports like Altamira, Manzanillo, and Veracruz, leveraging their strategic locations and capabilities to serve diverse industries such as automotive, electronics, machinery, and advanced manufacturing.
Significance of Ports in Manufacturing and Industry
- Streamlining Logistics Operations:
Proximity to the United States and upgraded port infrastructure significantly decrease transit times by land and sea, particularly benefiting companies operating under just-in-time systems that prioritize efficiency.
- Attracting Foreign Investment:
A modernized port with reliable routes and efficient operations becomes a magnet for companies seeking stable logistics environments, influencing decisions on establishing production facilities, distribution centers, and advanced supply chains.
- Enhancing Logistics Networks:
Ports function as integral parts of broader logistics ecosystems, complemented by highways, railways, and industrial zones. While infrastructure enhancements are ongoing, the integration of logistics networks is visibly strengthening in regions like the Bajío, the north, and emerging hubs in the south-southeast.
💲📈 Queretaro is on track for economic growth in 2025, with 42 new investment projects totaling MX$14 billion confirmed, maintaining the momentum achieved in 2024. Minister of Sustainable Development, Marco Antonio Del Prete Tercero, anticipates closing the year with a similar investment level as the previous year.
Notable among the projects is Solfium's US$10 million investment in a solar panel installation platform and Gerresheimer and Cryoinfra's MX$100 million partnership for Mexico's first green hydrogen plant. LG Innotek is set to establish a MX$3.5 billion manufacturing center, reinforcing Queretaro's position as a hub for advanced manufacturing and clean technologies.
Addressing the region's increasing electricity demand, initiatives by CFE and private sectors aim to expand capacity by 600MW by 2027. Projects like the CloudHQ data center in Colon with a dedicated switching substation are supporting future industrial growth, ensuring energy resilience for manufacturing and data infrastructure.
🚛💲🏭 SHPAC from Korea Invests $40 Million in New Plant in León, Guanajuato, Mexico.
In a significant move, Korean company SHPAC has initiated the construction of a new plant in León, Guanajuato, with a substantial $40 million investment. This venture is set to create 120 direct jobs, further solidifying the state's industrial prowess and signaling its appeal for high-value manufacturing endeavors.
The inauguration ceremony of SHPAC's new facility was graced by state officials, including representatives of Governor Libia Dennise. The company's decision to establish roots in Guanajuato underscores its confidence in the region's economic landscape and León's robust manufacturing and service infrastructure.
SHPAC's foray into León is poised to bolster the metalworking sector, focusing on the production of specialized components crucial for infrastructure and construction projects. By engaging local and regional suppliers, the company aims to enhance the value chain, offering growth opportunities for small and medium-sized enterprises (SMEs) within the Bajío industrial domain.
Moreover, this $40 million initiative will foster closer collaboration between the metalworking and construction industries, pivotal sectors in Guanajuato's economic framework. The plant's setup not only fortifies the state's standing as an attractive hub for productive investments in Mexico but also amplifies its global market presence.
The establishment of SHPAC's new plant is not just about job creation; it signifies a commitment to nurturing local talent through specialized employment opportunities and technical training programs. This strategic focus on skill development is poised to elevate productivity levels, cultivate a highly skilled workforce, and enhance the competitive landscape for regional industries.
By diversifying Guanajuato's industrial landscape and supporting innovative projects in construction and infrastructure, SHPAC's investment underscores the state's trajectory towards enhanced competitiveness and sustainability. Such initiatives reinforce Guanajuato's global appeal, positioning it favorably against other regions vying for capital, skilled labor, and robust supply.
🏭💲Grupo ERAN from Israel pledges a significant investment of 500 million pesos, set to transform the local economy. This substantial funding will fuel the establishment of a cutting-edge industrial facility, paving the way for the generation of over 1,000 new job opportunities directly within the municipality.
CEO Dan Levitin unveiled plans for the operational commencement of the plant in April 2026, foreseeing the employment of more than 300 community members by year-end. Looking ahead, Grupo ERAN aims to diversify and enhance its operations over the next three years, incorporating advanced technologies and vertically integrated manufacturing processes. This expansion strategy is projected to scale up the workforce to exceed 1,000 employees, while also facilitating the development of a sprawling 159,000 square meters of production space. The company's focus will revolve around electronics, LED technologies, and air purification systems.
🏢🏢 Fibra Uno, the pioneering real estate investment trust (REIT) listed on the Mexican stock exchange, unveils a bold expansion strategy. With plans to invest up to 10 billion pesos annually for the next five years, the company aims to significantly boost its presence.
During Fibra Uno Day, executives outlined a roadmap to raise US$500 million yearly, totaling 9.2 billion pesos, through a mix of debt issuances and capital market placements. This financial infusion will fuel the addition of nearly six million square meters of gross leasable area and a doubling of operational funds.
By 2030, Fibra Uno envisions expanding its gross leasable area to almost 17 million square meters, a substantial increase from the 11.1 million square meters recorded in Q3 2025. Cash flows are projected to surge by close to 100%, climbing from 2.52 pesos per square meter this year to nearly 5 pesos per square meter by 2030.
🚘🚗The Chinese BYD revived the intention to install a manufacturing plant in Mexico, a project that would eventually be announced before the end of the year, said Julián Villarroel, corporate vice president of BYD Mexico.
In addition, the Chinese automotive company is lobbying with the Mexican government to avoid paying the tariff of up to 50% on the import of vehicles from countries with which Mexico does not have a trade agreement, whose application will depend on the approval of Congress.
BYD's conviction is that it came to stay in Mexico, since both our country and Brazil are key markets to continue the expansion of the corporate that manufactures light and heavy vehicles in Latin America, with its main muscle that is the manufacture of its own batteries for electromobility.
As of November 2025, the situation is that the company has reaffirmed its interest in the project, but the final decision on the location and the start of operations is still pending and is being "reconsidered." An official announcement is expected soon.
Key points:
Intention Confirmed: BYD maintains its intention to establish a manufacturing plant in Mexico, with the aim of starting operations before January 2026.
Current Status: The project has not been canceled, but plans are being reconsidered due to trade uncertainty and potential U.S. tariff pressure.
Possible Locations: States such as Nuevo León, Puebla, San Luis Potosí, Durango and Jalisco have been mentioned as possible finalists to house the plant, although the final decision has not been announced.
Alternative Plans: BYD has been exploring the possibility of acquiring an existing facility, such as Nissan's COMPAS plant in Aguascalientes, which will close in May 2026
Global Context: The first BYD factory outside Asia was recently opened in Brazil.
Job Creation: It is estimated that the plant would generate about 10,000 direct jobs in Mexico.
🏢💲📈🏭Mexico City’s Industrial Surge: A New Benchmark for Latin America.
Mexico City’s industrial real estate market is setting an extraordinary pace in 2025, shattering records with 1.4 million square meters commercialized by Q3,a five year high driven by logistics and light manufacturing firms seeking strategic urban distribution spaces.
Key growth factors include preleasing (40%) and renewals (39%), underscoring robust demand and market confidence.
The city’s logistics corridors are expanding, especially Zumpango-AIFA (60%), Tultitlán (28%), and Huehuetoca-Tepeji (6%), which concentration the most ambitious new developments.
Inventory is on the rise with a 10.1% annual uptick, reaching 12.09 million sqm of class A space. Over 766,000 sqm are in the development pipeline, up 77% quarter over quarter, with over half of new Big Box projects already preleased.
Despite this, vacancy remains low at 2.0%, even with a slight increase, showing the underlying strength and tightness of the market.
Rental rates are resilient, averaging USD $10.13/sqm/month and ranging from $8 to $13.5.
Logistics dominates demand, accounting for 98% of absorption. Mexican and U.S. companies lead participation, capturing 39% and 37% of transactions respectively.
Foreign direct investment is surging, with Mexico City attracting 56% of national FDI in the first half of 2025, a 36% year-on-year jump. The U.S. and Spain remain principal investors, cementing the city’s role as an industrial capital for Mexico and the region.
With growing sustainable projects, strategic location, and relentless demand, Mexico City stands out as Latin America’s most competitive industrial hub. This new benchmark underscores its appeal for global players and sets a powerful narrative for nearshoring and investment.
DiscoveryCRE is Mexico's Premier Commercial Real Estate Liaison Specializing in Nearshoring and Industrial Tenant Site Selection. We help companies make informed SITE SELECTION decisions. Manufacturing and Logistics Operations.
When nearshoring to Mexico, having the right partner makes all the difference. Our team primarily represents industrial tenants and buyers providing expert site selection and facility acquisition for manufacturing and logistics companies across Mexico.
Ready to simplify your Mexico expansion?
USA and Canada Toll free number 1 (800) 603-3460
Mexico Toll Free number 800 099 1437
Guadalajara Telephone number +52 33 3348 2317
Luis@DiscoveryCRE.com
Thank you for reading our edition of the MexicoCRE Newsletter. Stay tuned for more updates and investment opportunities! 🙏
Economy Minister Marcelo Ebrard has announced the permanent renewal of tariffs on steel imports from Asian countries without a trade agreement with Mexico.
Ebrard also presented a new policy of increasing government purchases based on Mexican content, which will direct government entities to prioritize national content over lower costs.
Speaking to business leaders on Thursday at the 78th Assembly of the National Iron and Steel Industry Chamber (Canacero), Ebrard said the tariffs, which range from 10% to 35%, will protect Mexico’s domestic industry from unfair imports from Asia by renewing duties on 220 steel products from South Korea, Vietnam, China and other nations.
Since April 2024, the tariffs have been applied to 1,466 products (220 of which were steel products) from various industries, but the program was scheduled to expire next month.
“We must make a special effort to protect and defend the industry,” Ebrard said, adding that President Claudia Sheinbaum has already ordered that the extension be applied.
Ebrard also mentioned the tariffs imposed on steel products by the United States, calling them “illogical.”
“This is unprecedented, that a 50% tariff is imposed on a product for which you have a trade surplus,” he said. “There is no other example in history. Tariffs are normally imposed when you have a deficit.”
The economy minister said he will address this issue next week when Mexico begins the first round of negotiations ahead of the formal review of the US-Mexico-Canada trade pact (USMCA).
“We will seek to strengthen and standardize the treaty’s legal instruments to address unfair trade practices, primarily from China and other Asian countries,” Ebrard said.
Mexico is keen on reducing its dependence on imports from Asia and the new policy of favoring national content over cost is designed to do just that, while also lending support to the domestic steel industry.
In this regard, Sheinbaum has also asked the Economy Ministry to review the IMMEX program, which allows companies to temporarily import materials tax-free.
As a result, Ebrard said, some temporary imports of steel products will be eliminated from the program.
Felicidades a la CANACERO en su 78 Asamblea , éxitos a su nueva dirigencia !! pic.twitter.com/iUM0nSCOQ6
— Marcelo Ebrard C. (@m_ebrard) March 12, 2026
“We hope this helps to ensure that purchases of domestically sourced materials are used in public works by the federal and state governments,” he said.
In response, Sergio de la Maza, the new Canacero president, expressed support for the measures, saying government cooperation will allow Mexican steel to compete “in a complex trade environment featuring market distortions primarily due to overcapacity and unfair trade.”
With reports from El Economista and Reforma
The post Mexico extends tariffs on steel imports from Asian countries with no trade pact appeared first on Mexico News Daily
