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Mexico's Rising Import Tariffs: Implications for Global Trade Partners

Insights

• Mexico has increased textiles and apparel tariffs to *** per cent (apparel) and ** 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.