Mexico targets Asian nations in new 2026 budget tariff plan

Mexico’s Ministry of Finance submitted its 2026 budget proposal ￰0￱ proposal includes tariffs on countries that do not have trade agreements with the North American ￰1￱ tariffs target countries mainly from ￰2￱ China was not directly mentioned, the budget plan tariffs will primarily affect countries with no trade agreements with Mexico, most of which are from ￰3￱ Mexican Treasury Secretary Edgar Amador said the tariffs will follow World Trade Organization (WTO) ￰4￱ added that the government would carefully evaluate potential impacts on production and consumer prices to avoid market disruptions. Mexico’s tariffs target Asian countries President Claudia Sheinbaum’s administration continues to face challenges in trade negotiations with the ￰5￱ administration amid the ￰6￱ threatened earlier this year to expand the 25% tariffs on some of Mexico’s products not covered by the free trade agreement between them and ￰7￱ Amador, Treasury Secretary, acknowledged that the new proposal unfolds amid the discussion and future commercial conversations with the U.

S. He, however, insisted that the primary aim of the policy is to strengthen domestic consumption, protect Mexican industries, and reduce trade deficits. #Ahora La Secretaría de Hacienda entrega el Paquete Económico 2026; prevé aumento de impuestos a bebidas azucaradas y aranceles para países con los que no hay acuerdos de libre comercio. 📹: @AlexisOrBal ￰8￱ — Animal Político (@Pajaropolitico) September 9, 2025 Mexico had already incorporated such measures in December last ￰9￱ government imposed tariffs on specific imports, such as textiles, and increased operations to seize counterfeit and pirated goods, many of which originated from ￰10￱ officials described the measure as a way to safeguard national industries from unfair ￰11￱ strongly opposed the new proposal, which had been rumoured for months and prompted a formal response from the Asian ￰12￱ responded in August before the official announcement of the proposal, when Guo Jiakun, a Chinese government spokesman, said the idea unfairly targeted Chinese products.

“Mexico is China’s second largest trading partner in Latin America, and China is Mexico’s third-largest export ￰13￱ firmly opposes restrictions imposed on China under various pretexts and under coercion from others, which harm China’s legitimate rights and interests.” – Guo Jiakun , Chinese government spokesman Sheinbaum’s administration tariffs represent a domestic and international balancing ￰14￱ present the local industries with a pledge to reduce dependency on imports and promote national ￰15￱ decision coincides with the ￰16￱ to present a united front against ￰17￱ proposal is widely supported in the country and is expected to pass, with Mexico’s governing party holding a majority in both ￰18￱ popularity virtually guarantees approval of the 2026 budget and import tax ￰19￱ urges local industries to prioritize self-reliance Amador reiterated that his country cannot ignore the need to reinforce its internal ￰20￱ added that the tariff will enhance domestic production and consumption while balancing Mexico’s international ￰21￱ reported previously that the United States is preparing to reopen the United States-Mexico-Canada Agreement (USMCA), which could lead to a confrontation with its ￰22￱ has already reimposed tariffs on the two countries, citing drug trafficking ￰23￱ to the report, the automotive industry is the most affected despite exemptions from USMCA-compliant ￰24￱ granted the North American country another 90-day extension on some tariffs, with demands directed at the Sheinbaum administration for more vigorous drug enforcement tied to trade ￰25￱ follows Mexico’s threats to take strong measures if a fair agreement is not reached, following the ￰26￱ to impose a 30% tariff on Mexican ￰27￱ ￰28￱ planned to impose a 17% tariff on fresh tomatoes, which Mexico supplies to approximately two-thirds of ￰29￱ Mexican President insisted that no other country could substitute Mexican tomatoes in the American market and announced measures to support farmers in mitigating tariff risks.

Sheinbaum’s administration appears determined to pursue measures it views as necessary to protect its national ￰30￱ up to Bybit and start trading with $30,050 in welcome gifts