Overview
- The Senate fast‑tracked changes to the import tariff schedule, raising duties on 1,463 lines across 17 sectors to 5–50% starting January 1, 2026.
- President Claudia Sheinbaum and Economy Secretary Marcelo Ebrard said the move is not targeted at China, projecting protection for roughly 300,000–350,000 jobs and about 70 billion pesos in extra revenue.
- China’s Commerce Ministry issued a formal protest and vowed to monitor impacts, South Korea said it expects limited damage due to preferential programs for industrial inputs, and Indian auto shipments face higher risk as car duties rise to 50%.
- Major industrial groups including Concamin, Canacero, Canaintex and AMIA endorsed the measure, while importers warned of immediate strain on supply chains in textiles, footwear and autos and urged dialogue.
- Banco de México said it is watching potential effects without impact estimates yet, and business leaders expect the policy to factor into the 2026 T‑MEC review and a more bilateral regional trade posture.