Group 1 - The Mexican government is seeking an exemption from the U.S. steel tariff increase to 50%, which is set to take effect on June 4, aimed at boosting domestic manufacturers in the U.S. [1] - The steel tariff increase will directly impact key industries in Mexico, such as automotive, agriculture, and electronics, raising costs for companies and consumer prices, particularly affecting U.S. automakers reliant on Mexican supply chains [1][2] - The automotive manufacturing cost per vehicle may increase by $200 to $500 due to the steel tariffs, which could weaken market competitiveness [2] Group 2 - Mexico is the third-largest steel supplier to the U.S., accounting for 13% of imports, and the steel tariff will severely impact its steel exports [2] - The steel tariffs are expected to raise domestic steel prices in the U.S. by 5-8%, exacerbating manufacturing inflation pressures [2] - The tariffs may lead to retaliatory measures from Mexico, such as imposing tariffs on U.S. agricultural products, increasing price volatility risks [2]