Mexico imposes temporary import tariffs on 544 commodities including textiles and apparels

Mexican President signed a decree to impose temporary import tariffs of 5% to 50% on 544 commodities, including steel, aluminum, textiles, apparels, footwear, wood, plastics and their products.

The decree took effect on April 23 and will be valid for two years. According to the decree, textiles, apparels, footwear and other products will be subject to a temporary import tariff of 35%; round steel with a diameter less than 14 mm will be subject to a temporary import tariff of 50%. Goods imported from regions and countries that have signed trade agreements with Mexico will enjoy preferential tariff treatment if they meet the relevant provisions of the agreement.

On August 16, 2023, Mexico increased import tariffs on 392 tariff items. Nearly 92% of the products in these tariff items are now subject to a 25% import tariff, and only certain textiles will be subject to a 15% tariff. All of this is also for countries with which Mexico does not have a free trade agreement. It is valid until July 31, 2025.