Mexico Tariff Increases - International Trade Administration
Dec 19, 2024 · Mexico Tariff Increases. On December 18, 2024, Mexican authorities published key changes to the Tariff of the Law of General Import and Export Taxes and the IMMEX (Manufacturing, Maquiladora, and Export Services Industry) Program.
Mexico Increases Textile Sector Tariffs and Amends IMMEX Decree
2 days ago · These tariffs apply only to products originating in countries with which Mexico does not have free trade agreements. Modifications to the IMMEX Program The Dec. 19 Decree also changes the IMMEX Decree, adding new restrictions to Annex I, which lists “Goods that cannot be temporarily imported under the IMMEX program.”
Mexico, EU revamp trade agreement amid Trump's tariff threats
8 hours ago · The new Global Trade Agreement between Mexico and the 27-nation bloc would reduce Mexican tariffs of agricultural food imports from Europe, remove a number of barriers that would allow European ...
Mexico’s New Tariff Era: What Shippers Need to Know in 2025
Jan 9, 2025 · In recent weeks, Mexico has implemented significant tariff and duty adjustments, catching many businesses off guard and triggering a wave of supply chain recalibration. The new measures include a 35% tariff on imported textiles and …
Mexico Tax and Tariff Increase 2024 - International Trade …
On April 22, 2024, the Mexican Government published a modification to the Tariff of the Law of General Import and Export Taxes. The Mexican government has established temporary import tariffs ranging from 5% to 50% for 544 HS codes.
Mexico suggests it would impose its own tariffs to retaliate …
Nov 27, 2024 · President Claudia Sheinbaum suggested Tuesday that Mexico could retaliate with tariffs of its own, after Donald Trump threatened to impose 25% tariffs on Mexican goods if the country doesn’t stop the flow of drugs and migrants across the border.
Recent changes in Mexican tariff regime affect US companies with …
On April 22, 2024, the Mexican Ministry of Economy established import tariffs ranging from 5% to 50% on specified products, which went into effect on April 23, 2024.
Mexico - Import Tariffs - International Trade Administration
Nov 5, 2023 · There are no tariffs for products made in the United States that meet rules of origin requirements under the United States-Mexico-Canada Agreement (USMCA). However, there are several exceptions and caveats noted below that may affect overall pricing of U.S. exports.
Mexico: New decree modifies general import and export tax law
Apr 26, 2024 · To protect the electrical, automotive, and auto parts industries, sectoral promotion programs have been reformed to allow certain imports without tariffs. Importers can be exempted from the tax burden on 544 tariff items if they comply with the origin rules of any free trade agreements signed by Mexico and have the certificate of origin ...
Mexico reinstates tariff hikes ranging from 5% to 50% on over …
Apr 25, 2024 · Furthermore, the Decree reaffirms the tariff benefit of the Sector Promotion Program (PROSEC) granted in the Decree of August 15, 2023, to certain tariff subheadings of the electrical, electronic, automotive, and auto parts industries, to promote these sectors.