By
Reuters
Revealed
January 1, 2025
Mexico’s tax authority SAT issued new tariffs on Tuesday, which it stated will strengthen the surveillance of products from Asia, a measure that would impression common on-line retailers like Shein and Temu.
Reuters
Items that enter Mexico by way of courier corporations originating from international locations that would not have a world treaty with Mexico will probably be topic to an obligation of 19%, SAT stated in an announcement shared with reporters.
Mexico doesn’t have a world treaty with China, the place Shein and Temu are primarily based.
Items getting into by way of courier corporations from Canada and the U.S., that are a part of the United States-Mexico-Canada commerce settlement (USMCA), will probably be topic to a 17% obligation if the worth is bigger than $50 however doesn’t exceed $117.
A 19% obligation may also apply to items that exceed $1 from different international locations which have worldwide treaties with Mexico, SAT stated.
The tax authority stated the tariffs will strengthen the “fight against abusive practices.”
Beforehand, international locations weren’t required to pay duties on items of these values, in response to a SAT spokesperson.
The brand new measures, which go into impact on Jan. 1, come amid a slew of latest tax tips that impression e-commerce corporations, together with a Dec. 19 decree by the administration of President Claudia Sheinbaum that elevated import duties to as a lot as 35% on a swath of clothes, together with clothes and shirts, dwelling items like blankets and curtains, in addition to tents and awnings.
Officers stated earlier this month that the transfer was aimed toward stopping the importation of some merchandise that evaded taxes, guaranteeing a degree taking part in subject for Mexican corporations and defending sector jobs.
Some business specialists have stated the decree might mark a significant disruption of Mexico’s IMMEX program that permits international corporations to import items into Mexico tax-free for manufacturing, meeting or packaging for direct sale to U.S. consumers.
E-commerce powerhouses Shein and Temu, which compete with U.S. retailers like Walmart and Amazon, may very well be significantly weak to the impacts of upper tariffs.
The decree takes impact forward of the Jan. 20 inauguration of U.S. President-elect Donald Trump, who has threatened to slap a 25% tariff on imports from Canada and Mexico.
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