Following Congress's approval of tariffs on over 1,000 Asian imports, President Claudia Sheinbaum announced ongoing dialogues with China, India, and South Korea to evaluate effects and seek cooperative solutions, aiming to safeguard Mexico's industry without sparking tensions. The measures, set for January 2026, target products harming local producers and jobs.
During her December 19 press conference, President Claudia Sheinbaum detailed work tables established with China, India, and South Korea—nations lacking trade agreements with Mexico—coordinated by the Secretariats of Foreign Affairs and Economy. The objective is to analyze the tariffs' impacts, approved earlier in December by Congress on over 1,000 products deemed detrimental to national industry and 350,000 jobs, and identify collaborative frameworks.
Sheinbaum refrained from labeling potential outcomes as treaties, stating: 'We don’t want to make enemies with any country.' The initiative aligns with Plan México, her strategy to elevate Mexico into the global top 10 economies. She highlighted early successes, such as declining imports and rising domestic production in textiles.
Economy Secretary Marcelo Ebrard projected the tariffs could generate over 70 billion pesos in revenue, with minimal 0.2 percent inflation effect. Emphasis was placed on supporting SMEs dependent on these imports to avoid disruptions in production or pricing. Sheinbaum underscored that engagements follow objective criteria, building on existing bilateral discussions.
