Overview

• The proposal, embedded in Plan Mexico 2026, would apply 10% to 50% duties on 1,463 product categories including vehicles, auto parts, steel, textiles, toys and furniture.
• Light vehicle imports would face the maximum 50% rate, up from current duties of 15% to 20%, under the draft decree.
• The Economy Ministry estimates the measure covers about 8.6% of imports — roughly $52 billion — lifting the average tariff from 16.1% to 33.8% and raising about 40 billion pesos in 2026.
• Mexico says the policy targets products from countries without trade agreements and excludes the United States and Canada under USMCA.
• Beijing publicly opposed the plan, while President Claudia Sheinbaum and Economy Secretary Marcelo Ebrard say it aims to protect 19 sectors and about 320,000 jobs, with a start date 30 days after publication following expected congressional approval.