DeAcero could close operations in the United States due to Trump tariffs

After the United States imposed a 25% tariff on Mexican steel, the Mexican firm DeAcero, located in Missouri, United States, could close its operations due to the increase in production, as a result of the measure taken by Donald Trump.

According to Raúl Gutiérrez Muguerza, general director of DeAcero Group, it is possible that we close the factory they have in the United States because the products we send from Mexico are used to produce nails.

The firm manufactures nails in the United States under the name of Mid Continent, in Missouri, and is the largest nail company in the United States and imports wire from Mexico for the manufacture of all types of nails, especially for nail guns.

After participating in the seminar, The Challenge of Development in the Global Economy, the CEO of the Group commented that these measures close access to the US market and affect Mexican exporters as well as traders in the world’s largest economy.

In addition, he said that the tariff measures of the US not only affect the companies, but also affect consumers, who will have to assume the impact of the adverse effects by the prices of the products that use these metals. In case of the closing of the company, it also affects its workers, who would lose their jobs.

Sign Up for Our Newsletters

You May Also Like

Inchcape disembarks in Central America and acquires Japanese Engines

The Inchcape Group, the leading multi-brand automotive distributor and retailer in the…

Chevron says the Ecuadorian plaintiffs withdrew the US $9.5 billion lawsuit against them

Chevron said on Monday that Ecuadorian plaintiffs withdrew a lawsuit against the…

The retail apocalypse affects Sears which prepares the declaration of bankruptcy

The US department store Sears, which was a market leader, has hired…