According to foreign media reports, Mexican President Lopez signed a decree on the 22nd to impose temporary import tariffs ranging from 5% to 50% on 544 items of goods, including steel, aluminum, textiles, clothing, footwear, wood, plastics and their products, chemical products, paper and cardboard, ceramic products, glass and its products, electrical equipment, transportation equipment, musical instruments, and furniture. The decree will take effect on April 23rd and will be valid for two years.

According to SMM data, China exported about 509,000 tons of aluminum materials to Mexico in 2023, accounting for 9.6% of the total domestic aluminum exports. In the first quarter of 2024, the total amount of domestic aluminum exports to Mexico was approximately 159,000 tons, accounting for 11.2% of the total domestic aluminum exports. The main products exported from China to Mexico are aluminum sheet and strip products, with an average monthly export volume of around 35,000 to 40,000 tons, accounting for about 15% of the total domestic aluminum sheet and strip exports.