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Mexico's Rising Import Tariffs: Implications for Global Trade Partners

08 Jan '25
8 min read
Mexico's Rising Import Tariffs: Implications for Global Trade Partners
Pic: Adobe Stock

Insights

  • Mexico has increased textiles and apparel tariffs to ** per cent (apparel) and ** per cent (textiles) from December **** to April **** to counter unfair competition and support its domestic industry.
  • This move excludes countries with FTAs, like US and Canada.
  • While intended to protect local producers, the tariff hikes in Mexico may disrupt global trade, particularly for key exporters.

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