Overview
- The Chamber of Deputies’ Economy Commission approved the dictamen 10–1–8 and forwarded it for a plenary vote as soon as Tuesday.
- The draft raises or imposes duties on 1,463 tariff lines from countries without trade agreements with Mexico, focusing on suppliers such as China, South Korea, India, Vietnam and others.
- Most rates are set in a 5%–35% band, with a limited set reaching 50% on items including certain steel products and passenger vehicles, including some electric models and parts.
- Lawmakers lowered many of the original proposed rates, removed a fixed end date, and stripped the executive of unilateral power to adjust tariffs; the measures would take effect January 1, 2026.
- FTA partners, including the United States and Canada, are not affected; the draft cites an estimated US$51.91 billion in impacted imports as industry groups and China’s embassy flag potential risks.