Overview
- Final passage in the Senate completes a law targeting more than 1,400 tariff lines from countries without trade deals, including China, India, South Korea, Thailand and Indonesia.
- Most products will face rates of up to 35%, while select goods such as passenger vehicles will be charged up to 50%.
- The tariff schedule begins on January 1, 2026 and will broaden through the year under the enacted framework.
- Mexico’s finance ministry estimates the measures will raise nearly 52 billion pesos in additional revenue in 2026.
- China formally criticized the decision as harmful to trading partners, and Mexican industry groups warned of supply‑chain disruptions and inflation, as the law also authorizes the Economy Ministry to adjust tariffs going forward.