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[BUSINESS] · Mexico, United States, China, EU · 12 sources

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Mexico reports 28% drop in Chinese imports following new tariffs

Mexican Economy Secretary Marcelo Ebrard reported that imports from China affected by new tariffs fell 28.4% during the first five months of 2026. The tariff package, which entered into force on January 1, modifies 1,463 tariff fractions across 17 industrial sectors, targeting countries with which Mexico lacks commercial treaties, including China, South Korea, India, Vietnam, Thailand, and Brazil.

Specific sectors saw significant declines: footwear imports dropped by 59.1%, light vehicles by 35.4%, textiles by 13.9%, and appliances by approximately 27%. The government, under President Claudia Sheinbaum, stated these measures are designed to protect roughly 350,000 jobs in industries such as automotive, steel, footwear, and textiles by promoting import substitution and increasing national content in production chains.

Regarding international relations, Ebrard noted that Mexico maintains a privileged position with the United States, paying an effective tariff rate of only 3.4%, and that over 83% of Mexican exports are destined for the U.S. market. He also highlighted a modernized Global Agreement with the European Union that will allow over 95% of Mexican exports preferential access, including zero-tariff entry for vehicles and auto parts. Looking ahead, Ebrard predicted that rules of origin will replace tariffs as the primary focus of international trade disputes by 2027 as nations prioritize manufacturing location over price and quality.

Entities

China · Claudia Sheinbaum · Donald Trump · Marcelo Ebrard · Morena · Secretaría de Economía · United States

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