On September 4, 2025, President Claudia Sheinbaum declared
during a press conference that Mexico is considering imposing
tariff increases on commodities from China and other countries
without a Free Trade Agreement (FTA) with Mexico in
place.1
This announcement was reinforced on September 8, 2025, when the
Ministry of Finance and Public Credit (SHCP) issued Communication
No. 42, indicating that beginning in 2026, strategic tariffs may be
applied to commodities originating from non-FTA countries. The
communication further stated that the measure is intended to foster
a fairer and more competitive environment.2
Also on September 8, the SHCP submitted to the Congress of the
Union the Economic Package for Fiscal Year 2026, which includes the
Federal Revenue Law Initiative (LIF), the Draft Federal Expenditure
Budget, and the Miscellaneous Tax Bill. The 2026 LIF initiative
makes no specific reference to new tariffs.
