Overview
- Congress approved increases on 1,463 tariff lines to rates between 5% and 50%, taking effect January 1, 2026 and covering 17 sectors representing about $51.9 billion in imports, or roughly 8.3% of 2024 imports.
- President Claudia Sheinbaum said the move is not directed at China, while Economy Secretary Marcelo Ebrard cited the goal of safeguarding about 300,000–350,000 jobs and raising roughly 70,000 million pesos in additional revenue.
- China’s Ministry of Commerce formally objected and said it will closely monitor implementation and impacts; South Korea said the effect on its exports should be limited due to input-import programs but will keep evaluating.
- The highest rates apply to products such as auto parts and light vehicles, textiles and steel, with exemptions and production-input programs maintained to limit harm to manufacturing supply chains.
- Major Mexican industry groups including Concamin, Canacero, Canaintex and AMIA voiced support, while importers and analysts warned of supply‑chain disruption and inflation risk, with some reading the move as signaling ahead of the 2026 T‑MEC review.