A 35-per cent tariff that already applies to some textile imports will apply to 138 additional ‘made’ or finished textile products, he said at President Claudia Sheinbaum’s press conference.
Mexico will temporarily impose a 35-per cent tariff on 138 finished textile imports to protect the domestic textile-clothing industry, economy minister Marcelo Ebrard recently said.
The tariff will be imposed on products from nations with which Mexico doesn’t have an FTA.
A 15-per cent tariff will apply to 17 types of unfinished textile goods.
The tariffs will be effective till April 22, 2026.
The tariff will be imposed on products imported from nations with which Mexico doesn’t have a free trade agreement (FTA).
A 15-per cent tariff will apply to 17 categories of unfinished textile goods, Ebrard also announced.
Last April, Mexico imposed 5-50 per cent tariffs on more than 500 goods imported from countries with which it doesn’t have an FTA.
The country is raising the list of textile products that can’t be imported, he was cited as saying by domestic media reports.
Some companies are importing certain textiles as inputs for final goods for exports, but are in turn selling those in the domestic market, and evading paying taxes, he noted.
The temporary tariffs will remain in effect till April 22, 2026, Ebrard said.
Mexican authorities have in recent times carried out raids on stores in Mexico City and Sonora selling counterfeit and illegally imported Chinese goods.
Ebrard said employment in the domestic textile industry reached its lowest level this year after 79,000 jobs were lost in recent years, and 75,000 additional jobs will be lost “if we don’t close the door and don’t increase tariffs.”
Fibre2Fashion News Desk (DS)
