Overview
- The decree, published in the Diario Oficial de la Federación, targets goods from countries without trade agreements with Mexico, covering sectors such as automotive, textiles, steel, plastics, toys, furniture, footwear and more.
- Some of the steepest rates hit vehicles and parts, with certain autos and components facing 25%–50% duties, while many consumer items such as cosmetics, toys and furniture carry rates in the 25%–35% range.
- Transitory provisions authorize the Economy Ministry to deploy special mechanisms to guarantee the supply of critical inputs if needed.
- Analysts warn that higher import costs are likely to be passed through to consumers and to cross‑border e‑commerce platforms like Temu and Shein, even as the government estimates about 70 billion pesos in revenue and roughly 0.2% inflation impact.
- Industry group Concamin welcomes the move as leveling the playing field and says firms are preparing to reopen plants, though it calls for strong customs enforcement to curb unfair import practices.