Overview
- The Senate approved the measure 76–5 with 35 abstentions after the lower house’s 281–24 vote, clearing the package through both chambers.
- Tariffs reaching as high as 50% take effect in January on more than 1,400 products, with most rates capped near 35% through 2026.
- Targets include textiles, shoes, appliances, automobiles, auto parts, plastics and steel from countries without trade deals with Mexico, including China, India, South Korea, Thailand and Indonesia.
- The government says the duties will strengthen domestic production and address trade gaps with China, while analysts also cite USMCA leverage and an estimated $3.76 billion in 2026 revenue.
- Business groups and China criticized the plan, and researchers warn of supply-chain disruptions and higher inflation as the economy slows.