Mexico is facing a significant trade imbalance with China, driven by a sharp gap between imports and exports. In 2025, imports exceeded $120 billion, while Mexican exports to China remained near $10 billion, resulting in a deficit of over $111 billion.
In response, the Mexican government introduced new tariffs ranging from 5% to 50% starting January 1, 2026, targeting more than 1,400 imported goods from countries without trade agreements, particularly China.
The measures affect key industries such as footwear, textiles, steel, automotive, plastics, furniture, and toys, aiming to support domestic production, improve market conditions, and protect jobs.
Business groups argue that tariffs alone are not enough and recommend additional tools, such as reference pricing at customs, to prevent undervaluation practices, reduce tax evasion, and ensure fair competition.
At the same time, Mexico is expected to continue trade discussions with China to strengthen economic ties and expand exports. Experts note that achieving this will require stronger support for Mexican companies through financing, innovation, and institutional backing.
Overall, reducing the trade deficit will depend not only on tariffs but on a broader strategy focused on boosting exports, productivity, and global competitiveness.
Fuente: Enfoque
