Bloomberg Businessweek US, Mexico Near Deal to Cut Steel Duties and Cap Imports
Jun 10, 2025
Fran Katsoudas, Cisco's EVP and Chief People, Policy & Purpose Officer, discusses the evolving workplace dynamics and the importance of diversity and inclusion in the age of AI. Jeetu Patel, Cisco's President and Chief Product Officer, shares insights on how the company is addressing core tech challenges while innovating for the future. They delve into the critical need for AI infrastructure and explore how evolving job markets necessitate smarter recruitment strategies to attract top talent.
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US-Mexico Steel Tariff Deal
- The U.S. and Mexico are nearing a deal to lift a 50% steel tariff in exchange for a higher import cap than before.
- This reverts to a status quo similar to Trump’s first term but increases steel imports from Mexico beyond 2019 levels.
US Steelmakers Fear Import Increase
- American steel producers reacted negatively to the deal because it lifts tariffs and raises import thresholds.
- Stocks like Cleveland Cliffs and Nucor fell due to concerns over increased competition from Mexican steel imports.
Data Center Constraints and Solutions
- Data center buildouts face constraints from compute, power, network bandwidth, and security.
- Cisco focuses on optimizing power efficiency and network latency to maximize GPU utilization and data center performance.