Mexico will impose a maximum 50% tariff on Chinese goods, effective from 2026!

On December 10 local time, both chambers of the Mexican Congress passed a bill approving the imposition of tariffs of up to 50% on China and other Asian countries that have not yet signed trade agreements with Mexico, starting in 2026, in order to boost local industries! This move has attracted widespread attention and will have a profound impact on various aspects, including China-Mexico trade. The tariffs will focus on several key industries, including automobiles and auto parts, textiles, clothing, plastic products, and steel, with most goods subject to a 35% tariff, though certain categories may face tariffs as high as 50%.

Core Content of the BillThe bill has a broad scope, involving tariff changes for 1,463 product categories. The previous tax rates of 0-20% will be increased to 10%-50%, covering around 17 industries： After modifications by the committee, most product rates will be concentrated between 10%-35%. Specifically, 316 categories were previously duty-free and will be taxed for the first time; 341 categories will have their rates increased to 35%; 302 categories will be set at 10%, and the remaining products will have gradually adjusted rates. The industries involved include:

Textiles and Apparel (1,014 tariff codes, rates 10%-35%)

Steel and Products (249 tariff codes, rates 15%-50%)

Automobiles and Parts (235 tariff codes, rates 20%-50%)

Plastic Products (81 tariff codes, rates 10%-35%)

Home Appliances (18 tariff codes, rates 15%-30%)

Toys (37 tariff codes, rates 10%-25%)

Furniture (28 tariff codes, rates 15%-35%)

Footwear and Leather (67 tariff codes, rates 10%-30%)

Paper and Cardboard (47 tariff codes, rates 10%-20%)

Motorcycles (8 tariff codes, rates 20%-40%)

Aluminum Products (21 tariff codes, rates 15%-35%)

Cosmetics and Soaps (24 tariff codes, rates 10%-25%)

This tariff increase will apply to countries including China, South Korea, India, Thailand, Indonesia, Russia, Turkey, Brazil, Nicaragua, the UAE, and South Africa. Countries with free trade agreements with Mexico, such as the EU, the United States, and Canada, will not be affected. The bill is expected to complete the legislative process by December 15, 2025, and take effect on January 1, 2026. The Mexican Ministry of Finance expects that import revenue will increase by 51.9 billion pesos (about 2.85 billion USD) in 2026, an 8.3% rise compared to 2024.

Response from the Ministry of CommerceAccording to the Ministry of Commerce website, a spokesperson for the Ministry responded to reporters' questions regarding the Mexican Congress's review and approval of a proposal to raise tariffs on non-free trade partners.

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