Overview
- A decree published in the Diario Oficial reforms 1,463 tariff lines, setting duties roughly between 5% and 50% across sectors including autos, textiles, steel, plastics, appliances, toys and furniture.
- The increases apply only to goods from countries without trade agreements with Mexico, heavily affecting Asia-origin products, with some vehicles and auto parts facing rates as high as 50%.
- The government says the policy aims to advance reindustrialization under Plan México, targeting a 15% rise in local content, more investment and the preservation of about 350,000 jobs.
- Analysts expect higher import costs to filter into consumer prices, including for cross-border e-commerce purchases on platforms like Temu and Shein, while officials project over 70 billion pesos in revenue and a limited inflation effect near 0.2%.
- Transitory clauses allow the Economy Ministry to deploy instruments to guarantee input supply, and industry leaders back the shift but urge stronger customs controls to deter transshipment and enforce compliance.