Mexico has increased textiles and apparel tariffs to 35 per cent (apparel) and 15 per cent (textiles) from December 2024 to April 2026 to counter unfair competition and support its domestic industry.
This move excludes countries with FTAs, like US and Canada.
While intended to protect local producers, the tariff hikes in Mexico may disrupt global trade, particularly for key exporters.
This move excludes countries with FTAs, like US and Canada.
While intended to protect local producers, the tariff hikes in Mexico may disrupt global trade, particularly for key exporters.
