403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Mexico's New Tariff Wall Puts Asian Imports And US Relations To The Test
(MENAFN- The Rio Times) Key Points
Mexico's latest big economic news is not about growth, but about protection. Lawmakers in the lower house have approved a bill to raise or impose tariffs of up to 50 percent on more than 1,400 categories of imports.
The measures mainly target goods from China and other Asian countries that do not have a trade agreement with Mexico. Most of the new rates sit around 35 percent and would apply through 2026 if the Senate now gives its approval.
On paper, the list looks technical: auto parts, vehicles, steel, plastics, textiles, clothing, electronics, appliances and more. In practice, it touches almost every industrial chain that made Mexico a nearshoring darling.
Around 52 billion dollars of annual imports are affected, roughly 8 percent of everything Mexico buys from abroad. The Finance Ministry expects to collect close to 3.8 billion dollars in extra revenue next year.
Mexico's Tariff Push Signals Geopolitical Shift Toward Washington
President Claudia Sheinbaum's team argues that the measure levels the playing field against cheap, sometimes subsidised Asian goods and protects Mexican jobs.
It also helps close a growing trade gap with China and gives the budget some breathing room without a broad tax hike. But the story behind the story is geopolitical.
Washington has warned that Mexico must not become a back door for Chinese products entering the US market under the US–Mexico–Canada Agreement.
By making many Asian inputs more expensive, Mexico signals that it is willing to tighten the border on its own, rather than wait for new US threats. For expats and foreign investors, this is more than a customs tweak.
It could mean higher prices for cars, electronics and clothes in Mexico, new headaches for factories that rely on Asian parts, and a fresh test of whether nearshoring to Mexico really offers a stable alternative to manufacturing in China.
Mexico's lower house backs steep new tariffs on 1,400 import categories from China and other non-FTA Asian partners.
The government says it is defending local jobs and raising revenue, while business fears higher costs and broken supply chains.
The move lands just before a crucial 2026 review of the US–Mexico–Canada trade pact, with Washington watching closely.
Mexico's latest big economic news is not about growth, but about protection. Lawmakers in the lower house have approved a bill to raise or impose tariffs of up to 50 percent on more than 1,400 categories of imports.
The measures mainly target goods from China and other Asian countries that do not have a trade agreement with Mexico. Most of the new rates sit around 35 percent and would apply through 2026 if the Senate now gives its approval.
On paper, the list looks technical: auto parts, vehicles, steel, plastics, textiles, clothing, electronics, appliances and more. In practice, it touches almost every industrial chain that made Mexico a nearshoring darling.
Around 52 billion dollars of annual imports are affected, roughly 8 percent of everything Mexico buys from abroad. The Finance Ministry expects to collect close to 3.8 billion dollars in extra revenue next year.
Mexico's Tariff Push Signals Geopolitical Shift Toward Washington
President Claudia Sheinbaum's team argues that the measure levels the playing field against cheap, sometimes subsidised Asian goods and protects Mexican jobs.
It also helps close a growing trade gap with China and gives the budget some breathing room without a broad tax hike. But the story behind the story is geopolitical.
Washington has warned that Mexico must not become a back door for Chinese products entering the US market under the US–Mexico–Canada Agreement.
By making many Asian inputs more expensive, Mexico signals that it is willing to tighten the border on its own, rather than wait for new US threats. For expats and foreign investors, this is more than a customs tweak.
It could mean higher prices for cars, electronics and clothes in Mexico, new headaches for factories that rely on Asian parts, and a fresh test of whether nearshoring to Mexico really offers a stable alternative to manufacturing in China.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment