Overview

• Mexico’s fiscal package proposes WTO‑maximum tariffs on 1,463 tariff lines across 17 sectors, affecting about $52 billion in imports, and the measure awaits congressional debate and approval.
• Economy Secretary Marcelo Ebrard cites an 83% jump in Mexico’s 2020–2024 trade deficit with Asia and alleged below‑reference pricing as reasons for the tariff plan, stressing it is not aimed at any single country.
• The Secretaría de Economía published new rules for T‑MEC binational panels effective Sept. 23, setting a 315‑day decision target, limiting reviews to alleged errors of fact or law, and detailing confidentiality authorities in each country.
• U.S. diplomat Mark Johnson publicly welcomed Mexico’s tariff signal and pressed for regional semiconductor production, with officials highlighting forums in Mexico City now and additional events slated for Monterrey and Mérida to build the ecosystem.
• Mexico launched consultations through investment committees in all 32 states to shape its T‑MEC review agenda, while auto and autoparts leaders warn that pending tariffs and the treaty review are creating short‑term uncertainty and competitiveness risks.