Mexico may introduce import tariffs on the automotive and manufacturing sectors to address trade imbalances, potentially raising MXN 70 billion in state revenue.
Mexico is considering proposing a bill that would impose import tariffs on sectors such as automotive and manufacturing to address trade imbalances, a top official said on 9 September 2025.
If the planned tariffs take effect, it could add MXN 70 billion (approximately USD 3.76 billion) to state revenue.
Deputy Minister Carlos Lerma confirmed the bill would target countries without trade agreements with Mexico. The move aligns with US pressure on Latin American countries to limit economic ties with China and prevent it from bypassing US tariffs. Lerma did not specify how the tariffs would be modified.
This follows after President Claudia Sheinbaum had indicated that tariffs on China are being considered. This measure would be part of “Plan Mexico,” an initiative designed to strengthen the domestic industry, especially in the context of tariffs imposed by US President Donald Trump on certain Mexican imports.
Mexico already applies tariffs on various Chinese goods, including cars, clothing, and manufactured items.
