Mexico's New Tariff Hikes Alarm Korean Exporters

El Financiero

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South Korea stated this Thursday that it will evaluate measures to respond to new Mexican tariffs of up to 50 percent on more than 1,400 products from sectors such as automotive or household appliances, coming from countries without a free trade agreement (FTA) with Mexico, as is its case. “The Ministry of Trade, Industry and Resources will soon work with industry to assess the impact of Mexico’s tariff measures and deliberate on response measur…

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Representatives of the private initiative have announced their position regarding the approval of the Senate of the Republic to impose tariffs on 1,463 products from China and other countries, mostly Asian, that have no trade agreements with Mexico, which will enter into force from 1 January 2026 and range from 5 to 50 per cent. The National Chamber of Textile Industry (Canaintex) referred to the increase in tariffs as an advance that contribute…

entrelineas.com.mx

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Mexico City. The tariffs that Mexico applied to countries with which it does not have trade agreements have only one objective: to preserve the employment of 300,000 people who are currently at a disadvantage with the import of products, announced this Thursday Marcelo Ebrard, head of the Ministry of Economy (SE). He specified that the government has thought that, with these measures, it will be possible to collect about 70 billion pesos annuall…

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Seoul South Korea said this Friday that the impact of the new tariffs approved by Mexico will be "limited," noting that the US introduced reductions from the original plan and that it will maintain tax reduction programs for intermediate goods widely used by the automotive and domestic industries of the Asian country. "The impact on our exports is expected to be limited. In particular, given that Mexico will maintain tariff reduction programs fo…