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Mexico's steel crackdown pays off

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Mexico's deputy economy minister said the crackdown on Asian steel shipments is paying off, citing cancellation of about 1,100 mill registrations and an 80% cut in steel imports from Vietnam in some months, as US tariff talks advance.

World Bank data for 2023 manufacturing value added (current US$) shows China $4.66 trillion, US $2.50 trillion, Germany $838.89 billion, India $461.38 billion, South Korea $416.39 billion, Mexico $358.92 billion, Italy $353.62 billion, France $297.00 billion. This is an opinion/conspiracy post with no specific factual claim to check.

Fact-check

VERIFIED TRUE

Mexico's deputy economy minister said the crackdown on Asian steel shipments is paying off, citing cancellation of about 1,100 mill registrations and an 80% cut in steel imports from Vietnam in some months, as US tariff talks advance.

Mexico says crackdown on Asian steel shipments is paying off as US tariff talks advance https://t.co/VYUMJa7GIY

Original post · @Reuters

Reuters via [investing.com](https://www.investing.com/news/stock-market-news/mexico-says-crackdown-on-asian-steel-shipments-is-paying-off-as-us-tariff-talks-adv

VERIFIED TRUE

World Bank data for 2023 manufacturing value added (current US$) shows China $4.66 trillion, US $2.50 trillion, Germany $838.89 billion, India $461.38 billion, South Korea $416.39 billion, Mexico $358.92 billion, Italy $353.62 billion, France $297.00 billion. This is an opinion/conspiracy post with no specific factual claim to check.

📊🌏 World leaders in manufacturing output – 2023 ✓ 🇨🇳China – $4.66 Trillion ✓ 🇺🇸USA – $2.50 Trillion ✓ 🇩🇪Germany – $838.89 Billion ✓ 🇮🇳India – $461.38 Billion ✓ 🇰🇷South Korea – $416.39 Billion ✓ 🇲🇽Mexico – $358.92 Billion ✓ 🇮🇹Italy – $353.62 Billion ✓ 🇫🇷France –

Original post · Bravio Data Analysis & Statistics (@Bravio95)

World Bank NAMES: (none) POST 2118387376364065267: NOCLAIM (none) NAMES: (none)

Sources

What the hosts said

BMexico says its crackdown on Asian steel shipments is working, and that's a big deal for the tariff fight with Washington.
BWorking how? They've been talking about this for months.
BReuters is reporting the deputy economy minister says they've cancelled about eleven hundred mill registrations, and steel imports from Vietnam dropped eighty percent in some months.
BThat's a real number. So Mexico is actually enforcing, not just promising.
BAnd it comes as the US tariff talks are advancing. Mexico's trying to show good faith.
BI'll give them credit—eighty percent is not a rounding error. That's a policy.
BThe question is whether Washington buys it. The steel lobby has long complained about transshipment.
BAnd if Mexico can prove it's serious, that changes the whole negotiation. It's leverage.
BDifferent world entirely: the climate summit in Turkey this week, and the big names are staying home.
BShocking. Another climate gabfest with no actual leaders.
BA post from Latimer Alder says Xi, Modi, Trump, Macron, Carney, and Merz are all no-shows.
BI can't confirm that list, but the gist is right—these summits have become a sideshow.
BAnd that's the story, isn't it? The people who actually run the world's biggest economies don't bother showing up.
BBecause they know the real decisions happen in bilateral meetings, not in a room full of bureaucrats.
BBut here's the counter: if they don't show up, the whole thing becomes a talking shop with no teeth.
BIt already is a talking shop. That's why they're not there.
BNo, come on—climate is the one issue that needs global coordination. You can't just skip it.
BAnd what did the last thirty summits achieve? A lot of speeches and a lot of private jets.
BThat's exactly the problem! If the leaders don't show, nothing changes.
BMaybe the leaders have decided the summit itself is the problem. Too much talk, not enough action.
BI think that's a cop-out. Walking away doesn't fix anything.
BYou don't fix it by flying to Turkey for a photo op either.
BFair point. But I still think absence is a failure, not a strategy.
BAgree to disagree. Meanwhile, here's a number that puts things in perspective.
BWorld Bank data for 2023 manufacturing output: China four point six six trillion dollars. The US two point five trillion.
BSo China makes almost double what we do. That's the real climate argument—they're reportedly building coal plants while we debate.
BAnd Germany's at eight hundred thirty-eight billion, India four sixty-one. The gap is enormous.
BWhich is why the tariff fight with Mexico matters. We're trying to rebuild supply chains.
BAnd that's the connection—Mexico cracking down on Asian steel is part of a bigger push to bring manufacturing back.
BOne more from the wires: tens of thousands joined Poland's nationalist Independence Day march in Warsaw.
BThat's a huge crowd. Nationalism is not going away in Europe.
BIt's a reminder that the political center of gravity is shifting, and not in the direction the Brussels crowd wants.
BAnd that's the show tonight—tariffs, climate, and the politics of who actually shows up.

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