Mexico City, Mexico — President Claudia Sheinbaum Pardo announced that Mexico expects to collect 30 billion pesos annually with the Tariff Package. She reported Tuesday that the goal is to increase employment and protect jobs.
“The goal is to increase employment through other means and through public and private investment. From the outset, we stated that we wanted a policy of import substitution in certain areas. What we want is to import less and export more.”
After noting that this measure was approved by the Congress of the Union in recent days, President Sheinbaum stated that the Tariff Package contributes to the growth of the national economy and to the Mexico Plan.
She added that the Development Hubs for Well-being are part of the strategy, however, there are various public and private investments, as well as incentives aimed at strengthening infrastructure in trains, water and roads.
“The goal is development with justice. To achieve this, we are taking a series of measures that are not directed at any particular country, they are simply aimed at preventing further job losses in strategic industries where Mexico has significant expertise.”
Sheinbaum clarified that the Tariff Package applies to nations with which there is no trade agreement. Furthermore, Mexico is in talks with other countries such as Asian territories such as China and South Korea, through the Ministry of Economy and its embassies.
After referring to the strength of the Mexican economy based on indicators such as the peso’s exchange rate, she stressed that the favorable situation is due to the change in the economic model and announced that next yea,rs he will present various measures to increase public investment.
She reaffirmed her confidence that the review of the United States-Mexico-Canada Agreement (USMCA) will yield positive results in strengthening investments, adding to the efforts to bolster the domestic market, the increase in the minimum wage, and progress in infrastructure projects.
“2026 is going to be a good year,” she said.
On Tuesday, the Mexican government through the Ministry of Economy, announced that the objective of the Tariff Package, which will come into effect on January 1, 2026, is to protect hundreds of thousands of jobs in the automotive, steel, footwear, textile and apparel industries.
This, without harming any specific country or affecting trade relations with Asia or other regions of the world with which Mexico does not have a trade agreement.
Mexico’s Secretary of Economy, Marcelo Ebrard Casaubon, explained that the Tariff Package aims to protect 350,000 jobs in Mexico and remedy the disadvantage in various industries with respect to foreign products in sectors such as automotive, textile, footwear and clothing.
He noted that Mexico is the world’s fifth largest producer of vehicles and accounts for a third of manufacturing jobs, a majority of which are in Aguascalientes, Baja California, Chihuahua, Coahuila, State of Mexico, Guanajuato, Jalisco, Nuevo León, Puebla and Querétaro.
He emphasized the importance of taking timely measures after analyzing countries that sell more to Mexico where the difference can be as much as one to ten compared to what the country exports, as is the case with Asia.
The Tariff Package includes increasing the national content of production chains by 15 percent, replacing inputs and increasing national investment to 28 percent of the gross domestic product (GDP).
It also includes generating 1.5 million jobs and ensuring that national consumption is supplied by small and medium-sized enterprises since they represent 90 percent of the Mexican economy.
Ebrard Casaubon says the taxes will be applied to 1,466 tariff classifications in countries with which Mexico does not have a trade agreement.
“We don’t have a geopolitical design. We don’t charge a product because it was made in a certain country. What we do is impose a tariff to protect an industry in Mexico, regardless of the country where it is produced, that is very important,” he said.
Mexico will have options in cases where it does not produce certain items. In addition, the Tariff Package does not generate inflationary pressures and is the result of dialogue with legislative bodies, as well as confederations, chambers and associations of various industries.
According to Ebrard Casaubon, it includes auto parts, light vehicles, clothing, plastics, steel, household appliances, toys, textiles, furniture, footwear, leather goods, paper and cardboard, motorcycles, aluminum, trailers, glass, soaps, perfumes and cosmetics.
Mexico has trade agreements with the United States, Canada, the European Union, the United Kingdom, Japan, Colombia, Chile, Australia, and Vietnam.
Countries with which Mexico does not have agreements are Russia, South Korea, China, India, Indonesia, Brazil, Thailand, Ukraine and Türkiye.
“Yes, we compete,” he said, “We are the leading exporting country in Latin America, but there has to be a level playing field, competitive conditions and prices below inventory and reference prices must not be allowed.”
Riviera Maya News serving Quintana Roo Mexico since 2014
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