Mexico Imposes Tariffs on 1,463 Products From China! Rates Up to 50%; Today Plastic Sees Partial Increase, PS Up 480

The bill will be submitted to the Senate for a vote and discussion on December 11. Since the ruling party Morena and its ally PVEM hold a majority in the Senate, the review process is expected to be a formality, with quick approval anticipated within a few hours. This is to ensure that the legislative process is completed by December 15, allowing it to take effect on January 1, 2026.

⚠️ Bill Content: The tariff bill adjusts tariffs on 1,463 product categories, raising the rates from the original 0-20% to 10-50%, covering approximately 17 industries.

⚠️ Tariff Distribution: 10%-50% (After committee modifications, most product tariffs are concentrated between 10%-35%); 316 categories previously exempt from tax are now taxed for the first time; 341 at 35%; 302 at 10%; the rest vary.

⚠️ Involved industries: textiles and apparel, steel and products, automotive and parts, plastic products, home appliances, toys, furniture, footwear and leather, paper and cardboard, motorcycles, aluminum products, trailers and glass, cosmetics and soaps, etc.

⚠️ Countries targeted: China, South Korea, India, Vietnam, Thailand, Indonesia, Russia, Turkey, Brazil, Nicaragua, UAE, and South Africa, etc. Countries with free trade agreements (TLC) with Mexico, such as the EU, USA, and Canada, are not affected.

⚠️ Effective Date: The bill is scheduled to complete the legislative process by December 15, 2025, and will officially take effect on January 1, 2026.

Here are the detailed tariff codes and rates for major products subject to additional tariffs (based on committee modifications, confirmed with no significant changes) (the complete list exceeds 1400 items and can be accessed via the SNICE website):

1. Textiles and Clothing - 1,014 tariff codes, tax rate 10%-35%

2. Steel and Iron Products - 249 tariff numbers, tax rate 15%-50%

3. Automobiles and Parts - 235 tariff codes, tax rate 20%-50%

4. Plastic products - 81 tariff codes, tax rate 10%-35%

5. Home Appliances - 18 tax numbers, tax rate 15%-30%

6. Toys - 37 tariff codes, tax rate 10%-25%

Furniture - 28 tax numbers, tax rate 15%-35%

8. Footwear and Leather - 67 tariff codes, tax rates 10%-30%

9. Paper and paperboard - 47 tariff codes, tax rate 10%-20%

10. Motorcycle - 8 tax codes, tax rate 20%-40%

11. Aluminum products - 21 tariff codes, tax rate 15%-35%

12. Cosmetics and soap - 24 tariff codes, tax rate 10%-25%