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.
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’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’s New Tariffs Disrupt China-to-US Supply Chains in 2025
Jan 6, 2025 · The de minimis rule under Section 321 is also advantageous for products being directed through Mexico, as it allows them to be imported into the U.S. tariff-free only if they reach the value limit. New Mexican customs rules, which raise tariffs and alter the IMMEX program rules, have posed challenges for enterprises using this strategy. These ...
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 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.
Mexico Imposes Temporary Import Duties up to 25% on more …
Aug 21, 2023 · An average tariff of 25% will be imposed on steel, textile, footwear, chemicals, and other products until July 31, 2025, for countries with whom Mexico does not have a preferential or free trade agreement.
Mexico: New decree modifies general import and export tax law
Apr 26, 2024 · The new resolution maintains tariffs for certain goods but imposes different tariff fractions on others, affecting sectors such as steel, aluminum, footwear, textiles, plastics, chemical products, paper and cardboard, glass, electrical materials, and transportation.
On April 22, 2024, the Ministry of Economy published in the Federal Official Gazette (DOF for its acronym in Spanish) a Decree that reforms the Mexican Tariff Schedule, which entered into …
Updates to Mexico's import and export tariffs - DSV
Mexico’s Ministry of Economy has announced a series of temporary tariff modifications that will impact 392 product categories. These tariff adjustments range from 5% to 25% and cover a variety of products including steel, aluminum, bamboo, rubber, chemical products, oils, soap, paper, cardboard, ceramic products, glass, electrical material ...
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