E-commerce Leaders Amazon and MercadoLibre Set to Gain from Mexico's New Import Tariffs - PRESS AI WORLD
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E-commerce Leaders Amazon and MercadoLibre Set to Gain from Mexico's New Import Tariffs

share-iconWednesday, January 08 comment-icon2 weeks ago 5 views
News sources:
reutersREUTERS
E-commerce Leaders Amazon and MercadoLibre Set to Gain from Mexico's New Import Tariffs

Credited from: REUTERS

  • The **Mexican government** has implemented a **19% tax on imports** via courier from non-free trade agreement countries, impacting mainly **Asian retailers** like Shein and Temu.
  • Goods from the **U.S. and Canada** will have exemptions for purchases under **$50**, while 17% duties apply for items between **$50 and $117**.
  • Analysts at **Itau BBA** predict that **Amazon** will benefit the most, as about **30% of its goods** sold in Mexico are imported, primarily from the U.S.
  • **MercadoLibre**, which imports nearly **15% of its products** from abroad, will also gain, despite facing some impact on its goods from China.
  • The new tariffs are expected to **reduce competition** and strengthen the market presence of both e-commerce giants in Mexico.

For more details, visit the original article at Reuters.


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