12,369.89 TRY BIST 100 BIST 100
6.23 CNY CNY CNY
50.12 EUR EUR EUR
43.17 USD USD USD
0.12 CNY CNY/EUR CNY/EUR
36.80 TRY Interest Interest
63.54 USD Fossil Oil Fossil Oil
5.87 USD Copper Copper
126.39 USD Silver Silver
106.07 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,415.80 TRY Gold (gr) Gold (gr)
106.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Mexico plans new import tariffs on countries without a free trade agreement

Mexico plans to impose new import tariffs on goods from countries without a free trade agreement, with the move said to be primarily aimed at China.

Mexico plans new import tariffs on countries without a free trade agreement

Mexican President Claudia Sheinbaum is seeking congressional approval to impose tariffs of up to 50% on goods from those countries. On Tuesday, Sheinbaum submitted to the Chamber of Deputies a proposal to amend the General Import and Export Duties Law.

The bill, prepared in connection with the 2026 budget proposal, foresees the application of tariffs ranging from 10% to 50% on goods produced in the automotive, textile, plastics, steel, apparel, toy, footwear, furniture, paper, and glass industries.

The proposal aligns with the Mexican government’s goals of reducing import dependency and protecting domestic industry. These goals had also been outlined in the ambitious Mexican Industrial Policy Plan announced in January. Since the ruling Morena party and its allies hold a majority in both houses of Congress, the reform is expected to pass.

Sheinbaum had previously announced that the government was considering imposing new tariffs on imports from countries without trade agreements with Mexico. The government is specifically planning to raise tariffs on imports from China.

Mexico’s spending on Chinese goods has risen in recent years, while its trade deficit with the East Asian economic powerhouse reached a new record high in the first half of 2025.

Meanwhile, Mexico’s growing trade ties with China and Chinese investments in the country are seen as a potential obstacle for the Mexican government in the 2026 review of the United States-Mexico-Canada Agreement (USMCA), which replaced NAFTA in 2020.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Türkiye allocated TL 261.5 billion for railway investments in 2026

Saturday, January 17, 2026

CSN begins strategic asset sales to reduce its debt to R$ 18 billion

Saturday, January 17, 2026

China and Canada reached an agreement on electric vehicle tariffs

Friday, January 16, 2026

The period for purchasing without VAT under the inward processing regime has been extended by 5 years

Saturday, January 17, 2026

Indonesia launched a tax evasion investigation into foreign companies in the steel and construction sectors

Friday, January 16, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now