Mexico’s Textile Tariffs Signal Shift Toward Industrial Protection

Mexico’s Textile Tariffs Signal Shift Toward Industrial Protection

Mexico’s government, led by President Claudia Sheinbaum and Economy Minister Marcelo Ebrard, has imposed new import tariffs of up to 35% on finished textile products and 15% on certain textile inputs. The official decree, announced December 19, 2024, and effective until April 2026, aims to defend the domestic textile sector against surging low-cost imports, primarily […]

Mexico City/Agencia Xinhua. Mexico will impose a 35 percent tariff on textiles from other countries in order to protect and promote the national textile industry, affected by uncompetitive prices for local maquilas, reported today Thursday the secretary (Minister) of Economy, Marcelo Ebrard. During the daily press conference of the Mexican government, the official argued that the measure, which is part of Plan Mexico, responds to the fact that c…

In view of the growing unfair competition faced by the national textile industry, the Mexican government imposed 35 percent tariffs on imports of textile goods, said Economy Secretary Marcelo Ebrard, clarifying that it is not directed against any specific country, and that it excludes the nations that are part of it. [...] The position To protect textile industry, Mexico imposed 35% tariffs: Ebrard first appeared on Contralínea.