Overview
- The Economy Commission approved the dictamen 10–1 with 8 abstentions and sent it to the Chamber of Deputies for debate this week.
- The committee text trims most proposed increases to roughly 5–35% across 1,463 tariff fractions, down from earlier ideas reaching 50%.
- Measures target imports from countries without trade agreements—principally China along with Korea, India, Vietnam, Thailand, Indonesia and Taiwan—covering sectors such as autos, textiles, steel, appliances, footwear and plastics.
- The draft estimates coverage of about $51.91 billion in 2024 imports (8.3%) and proposes an effective date of January 1, 2026, pending any floor amendments.
- Lawmakers removed an executive authority to change tariffs unilaterally and dropped a sunset, as industry groups and the Chinese embassy caution about higher costs, supply‑chain strain and investment risks.