Mexico Explores Tariffs on China Under 'Plan Mexico' Initiative

Economy

Mexico Explores Tariffs on China Under 'Plan Mexico' Initiative

3 months ago

News sources:

TRTGLOBAL

SCMP

REUTERS

Mexico Explores Tariffs on China Under 'Plan Mexico' Initiative

Credited from: REUTERS

Mexico is considering tariffs on imports from countries without trade agreements.
These tariffs are part of the 'Plan Mexico' initiative to boost domestic industry.
Specific products and sectors affected by these tariffs will be announced later.

Mexican President Claudia Sheinbaum announced the possibility of imposing tariffs on imports from countries that do not have trade agreements with Mexico, notably China. The tariffs would be part of the initiative called "Plan Mexico," aimed at strengthening domestic industries in light of ongoing tariffs imposed by U.S. President Donald Trump on some Mexican imports, according to TRT Global and South China Morning Post.

During her daily news briefing, Sheinbaum stated, "We are considering imposition of certain tariffs" and noted that the affected sectors will be released at a later date. The potential tariffs aim to protect Mexican businesses from cheap imports while also aligning with ongoing trade tensions, especially related to U.S. demands, according to Reuters.

The tariffs could affect a broad range of products, with specific sectors yet to be defined. Sheinbaum's administration is expected to include these proposed tariffs in its 2026 budget, due for congressional review shortly, according to South China Morning Post and Reuters.