Overview

• Mexico is preparing to include higher duties on imports from China in its 2026 budget proposal, targeting automobiles, textiles and plastics, according to Bloomberg citing three people familiar with the plan.
• President Claudia Sheinbaum is expected to send the draft to Congress by September 8 for debate, so the tariff proposal is not yet official.
• Sources told Bloomberg that three additional Asian countries could also face higher tariffs under the plan.
• The approach aligns with U.S. trade priorities under President Trump, with American officials welcoming the prospect, while China’s Foreign Ministry voiced opposition to restrictions imposed under external pressure.
• China accounts for roughly 20% of Mexico’s imports, a reliance that officials and analysts say could translate into supply risks if duties rise.