Overview
- The Chamber of Deputies’ Economy Committee approved the modified bill 10–1 with 8 abstentions and sent it to the full chamber for debate as soon as today.
- The package adjusts 1,463 tariff lines with a general range of 5% to 50% after lowering many of the executive’s original rates, including cutting 104 lines to 5%.
- Measures focus on products from countries without trade agreements such as China, South Korea, India, Vietnam, Thailand, Brazil, Indonesia, Taiwan, Nicaragua, the UAE and South Africa, leaving U.S. and Canada preferences unchanged.
- The decree is slated to take effect January 1, 2026, after lawmakers removed an expiry clause and a provision that would have allowed the Executive to change tariffs unilaterally.
- A cited analysis estimates about $51.91 billion in affected imports (8.3% of 2024 total), while supporters tout reindustrialization goals and critics warn of supply‑chain, competitiveness and consumer‑price risks.