Changes To The Mexican Import And Export Tariff Law: New Tariffs

Today, the Decree amending various tariff lines of the Tariff Schedule of the General Import and Export Tariff Law was published in the Official Gazette of the Federation. This "MFN tariff increase" reform impacts more than 1,000 HS Codes.

The reform introduces tariff increases that, in most cases, reach levels of up to 35%, and in certain specific cases, up to 50%. Unlike previous years, these tariffs are not temporary or transitional measures. Instead, they are permanently incorporated into the General Import and Export Tariff Law ("LIGIE") .

Which goods are affected by the new tariffs?

The most relevant categories of goods affected by the reform include:

• Cosmetics and personal care products, such as perfumes, makeup, and skin and hair care preparations.