Mexico implements steep tariffs on Asian imports to counter trade pressures

Mexico is introducing significant import tariffs of up to 50% on more than 1,400 products from China and other Asian countries. This measure aims to protect domestic production and address U.S. trade pressures. The tariffs will primarily impact automotive manufacturing, textiles, electronics, footwear, and toys.

China will be most affected, as Mexico imported $130 billion worth of Chinese goods in 2024. Currently, these products have a 16% tariff, which will increase to the maximum permitted by international agreements.

President Claudia Sheinbaum emphasizes that the tariffs aren't solely responding to U.S. pressure but are designed to stimulate domestic production. The government argues that some imported products, particularly Chinese cars, are sold below market prices. Economy Secretary Marcelo Ebrard states the tariffs will create fair competition for Mexican manufacturers.

The budget proposal is expected to pass easily through Congress, where the ruling party has majority control.