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4d ago

Mexico Defends Import Tariff Proposal as China Warns, Russia Reviews

The 2026 budget measure would raise duties on non‑FTA goods to as high as 50% across 1,463 tariff lines.

México planea elevar aranceles al 50% para importaciones de Rusia, China y otros países sin TLC.
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El secretario de Economía, Marcelo Ebrard indicó que mientras México exporta un dólar a China, ellos importa 11 a este país

Overview

  • Economy Secretary Marcelo Ebrard framed the plan as a commercial step to protect the domestic market and said he will meet China’s ambassador in Mexico.
  • China’s commerce ministry urged Mexico to be extremely cautious and warned it would take necessary measures to safeguard its interests.
  • The proposal covers 19 sectors and about 8.6% of total imports, with tariffs on light vehicles from non‑FTA countries potentially rising to 50% from roughly 15–20%.
  • Mexico’s main industrial chamber, Concamin, endorsed the move as reinforcing the home market and formal employment, while analysts said it breaks nearly three decades of tariff restraint.
  • Congress is set to debate the plan in October as part of the 2026 budget review, and Russia’s embassy said its government is studying the measure.