US EditionSheinbaum Defends Mexico's Sweeping New Tariffs: Thursday's Mañanera Recapped
10 Articles
10 Articles
The Bank of Mexico (BdeM) will be attentive to the implications of the new tariffs of up to 50 percent that will be applied from the first day of 2025 to countries with which our country does not have any free trade agreement, said yesterday Josué Fernando Cortés, director of Analysis on Prices, Regional Economy and Information of the central bank.
Luis Rosendo Gutiérrez, Undersecretary of Foreign Trade, said Mexican businessmen influenced the decision to impose tariffs on China and other Asian countries. “In meetings with President Claudia Sheinbaum, several businessmen [...
Mexico moves to impose tariffs of up to 50% on Asian imports in major policy shift
Mexico has approved steep tariff increases on a wide range of imports from India, China and several other Asian economies, marking one of its most assertive protectionist moves in recent years and opening a new front in global trade tensions. The Senate voted to endorse the measure — previously cleared by the lower house — […] The post Mexico moves to impose tariffs of up to 50% on Asian imports in major policy shift appeared first on Apparel Re…
The Senate approved this week the reform of the General Import and Export Tax Law, better known as the Tariff Law, by sending it directly to President Claudia Sheinbaum’s desk for enactment. Therefore, the new tariffs are coming and their entry into force is imminent. Meanwhile, its publication in the Official Journal of the Federation (DOF) will suffice for many imported products—specifically, those coming from countries without free trade agre…
Deputies approved tariffs of up to 50% on non-FTA Asian imports, with majority rates close to 35% during 2026. Senate lacks and industrial tension grows. The legislative closure of 2025 is leaving an immediate industrial impact bomb. The Chamber of Deputies approved a tariff package that would impose tariffs of up to 50% on imports from China and other Asian countries without trade agreement with Mexico, with majority rates of around 35% during …
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