Mexico suggests it would impose its own tariffs to retaliate …
Nov 27, 2024 · President Claudia Sheinbaum suggested Tuesday that Mexico could retaliate with tariffs of its own, after Donald Trump threatened to impose 25% tariffs on Mexican goods if the country doesn’t stop the flow of drugs and migrants across the border.
Mexico Tax and Tariff Increase 2024 - International Trade …
On April 22, 2024, the Mexican Government published a modification to the Tariff of the Law of General Import and Export Taxes. The Mexican government has established temporary import tariffs ranging from 5% to 50% for 544 HS codes.
Mexico’s New Tariff Era: What Shippers Need to Know in 2025
Jan 9, 2025 · In recent weeks, Mexico has implemented significant tariff and duty adjustments, catching many businesses off guard and triggering a wave of supply chain recalibration. The new measures include a 35% tariff on imported textiles and …
Recent changes in Mexican tariff regime affect US companies with …
On April 22, 2024, the Mexican Ministry of Economy established import tariffs ranging from 5% to 50% on specified products, which went into effect on April 23, 2024.
What Mexico’s New Tariffs and Trade Restrictions Could Mean …
Jan 6, 2025 · Recent news of Mexico’s decision to levy tariffs on textile and apparel products—and institute new restrictions on its Manufacturing, Maquiladora and Export Services Industry (IMMEX) program—have left many industry insiders scratching their heads.
Mexico reinstates tariff hikes ranging from 5% to 50% on over …
Apr 25, 2024 · Furthermore, the Decree reaffirms the tariff benefit of the Sector Promotion Program (PROSEC) granted in the Decree of August 15, 2023, to certain tariff subheadings of the electrical, electronic, automotive, and auto parts industries, to promote these sectors.
Mexico: New decree modifies general import and export tax law
Apr 26, 2024 · The new resolution maintains tariffs for certain goods but imposes different tariff fractions on others, affecting sectors such as steel, aluminum, footwear, textiles, plastics, chemical products, paper and cardboard, glass, electrical materials, and transportation.
Mexico Tariff Schedule - World Bank
View Trade Statistics by Country including trade summary, exports and imports by partner and products along with tariff and development indicator.
Mexico Signals It Could Hit Back at U.S. With Tariffs of Its Own
Nov 12, 2024 · Mexico’s government on Monday signaled that it planned to hit back with trade restrictions of its own if President-elect Donald J. Trump followed through on his threats to impose sky-high...
Mexico - Import Tariffs - International Trade Administration
Nov 5, 2023 · Mexico has implemented a Sectoral Promotion Program (Programas de Promoción Sectorial or PROSEC), which reduces Most Favored Nation (MFN) tariffs to zero or five percent on a wide range of important inputs needed by Mexico’s export manufacturing sector. This program includes 20 different industry sectors and affects 16,000 HS codes.