AHMSA not delaying investments despite Trump’s proposed restrictions to Mexico

Integrated Mexican steelmaker Altos Hornos de Mexico (AHMSA) won’t delay its investment plans, despite the measures recently proposed by US president Donald Trump. Trump promised to impose a 20 percent duty on Mexican imports as a way to pay for a border wall.

AHMSA’s president, Luis Zamudio, said the company will wait for things to “calm down,” and then evaluate how global stock exchanges will perform. Talking to Mexican media, the executive said Trump’s proposed restrictions won’t affect AHMSA’s investment plans.

The proposal to impose duties on Mexican imports wasn’t welcomed by the country’s officials. Mexican economy secretary, Ildefonso Guajardo, said Mexico won’t accept any “retrograde” proposal within the renegotiation of the terms of NAFTA.