Mexican Senate Approves Tariffs Up to 50% on Asian Imports Ahead of 2026 USMCA Review | APT

The Mexican Senate has approved steep tariff increases — up to 50 percent — on imports from countries without trade agreements, including China, India, and South Korea. The measures set to take effect in 2026 cover cars, textiles, steel and more as lawmakers say they’ll protect domestic industries. Critics argue the move may be aimed at appeasing the U.S. ahead of the 2026 USMCA trade agreement review, while others warn tariffs alone can’t fix structural investment challenges.

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