Mexico’s Chamber of Deputies has approved a plan to increase import tariffs—up to 50% in some cases—on thousands of products from China and several Asian countries starting in 2026. The proposal, which still requires Senate approval, is expected to influence the cost of various consumer goods.
Ramón Ortega, president of the Mexican Institute of Finance Executives (IMEF) in Veracruz, noted that toys and cosmetics are among the items that could see price increases if the tariff adjustments move forward. He explained that the duties could range between 30% and 35%, depending on product type and tariff classification. While holiday-season purchases would remain unaffected, he said price changes could become more evident throughout 2026.
Ortega also pointed out that metals may experience cost increases, potentially adding pressure to inflation and affecting consumers’ purchasing power.
The initiative proposes raising or introducing new tariffs—mostly up to 35%—throughout 2026 on imports of automobiles, auto parts, textiles, clothing, plastics, and steel from China and other Asian countries that do not have a trade agreement with Mexico.
Source: XEU Noticias
