The Government of Mexico presented a proposal to raise tariffs to several countries to protect strategic sectors of its industry, with levies of up to 50% and Chinese products in the sights.
The Ministry of Economy released on Wednesday the bill presented to the Congress, which points to countries with which Mexico does not have commercial agreements and that arrives amid commercial pressures in the United States.
According to the proposal, light cars would have to pay a 50% tariff, compared to the range of between 15% and 20% current.
China, which according to the government is the largest exporter to Mexico without commercial agreement, would be strongly affected, especially the automotive sector, whose sales to the country grew almost 10% in 2024.
According to industry figures, Chinese firms went from not exporting virtually no car makes 30% of the light car market last year.
In addition to the Asian giant, the project provides tariffs on products from South Korea, India, Indonesia, Russia, Thailand and Türkiye, who also have no commercial agreement with Mexico.
Other impacted sectors would be textile and clothing, whose rates could reach up to 50%, which could affect the big Chinese brands that sell on the web.
