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Weekly Report - 18 December 2025 (WR-25-50)
MEXICO: New tariffs set to affect China
Mexico’s congress has approved a bill to impose tariffs of up to 50% on a range of products from countries with which it does not have a free trade deal, effective from 1 January. Although multiple countries are set to be affected, the measures will primarily impact China, which is the second-biggest exporter to Mexico after the US. President Claudia Sheinbaum has said the tariffs are designed to boost Mexico’s domestic manufacturing industry and address trade imbalances. However, the bill has been widely viewed as a move to mollify US President Donald Trump, who has been calling for countries to pivot away from China and has accused Mexico of acting as a backdoor for Chinese goods to enter the US.
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