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Mexico Unveils 2026 Tariff Package to Protect 350,000 Manufacturing Jobs

The policy applies only to imports from non‑FTA countries, presented as a sector‑focused fix not a geopolitical signal.

Overview

  • The package, integrated into Plan México, targets 17 strategic sectors after Congress trimmed the list from about 1,463 tariff lines to roughly 974 following industry consultations.
  • Officials set implementation for January 1, 2026, with schemes to maintain quotas for domestic producers that export from Mexico.
  • The government estimates a consumer price impact of about 0.2% and annual revenue near 30 billion pesos from the measures.
  • Priority sectors facing sharp import growth include autos, textiles and apparel, footwear, and steel, with reported increases of about 34% in autos, 12.4% in steel, 20.8% in apparel, and 22.3% in footwear since 2022.
  • Authorities emphasize continued diplomacy with affected suppliers as the plan advances alongside domestic investments, including six of 15 development hubs already moving into works for early 2026.