The Public Finance Studies Center (CEFP) estimates that Mexican exports will pay more than 63,000 million dollars of tariffs to the United States in 2025, if the barriers are maintained.
“If the tariffs planned during the year 2025 are maintained, the amount of the levies will amount to 63 thousand 231 million dollars, which- to put it in perspective- would be equivalent to the amount of income received for remittances of 63,319 million dollars (in 2023),” said the public body that also bears the name of Ifigenia Martínez and Hernández.
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At the end of 2024, Mexican exports to the United States added 505,850 million pesos, which represent 84 percent of the total exports of Mexico, according to the analysis agency of the Chamber of Deputies.
Only 50 percent of exports have tariff preferences of the TMEC, since “they pay a zero percent tariff rate for being considered original,” he said.
In this way, Mexican exports that do not comply with the rules of origin of the TMEC total between 50 and 51.2 percent of the total destined for the United States.
He added that all this percentage enters the US market under the most favored nation principle of the World Trade Organization, that is, with a rate of 2.5 percent.
Currently, Mexico’s exports to the United States are restricted by three tariff types, the center detailed.
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The first is an AD VALEM General Tariff for all Mexican products, established on February 1, as provided by executive orders and their modifications. “The implementation of said general tariff was postponed twice,” said the CEFP.
The exemptions agreed from March 4 also stand out until April 2, which included all the merchandise of the two largest commercial partners in the United States, provided that they met the rules of origin established in the TMEC.
The second, to all imports of steel and aluminum in Mexico with a rate of 25 percent, announced on February 10 and 11 to enter into force on March 12.
The third, to cars and their parts, with an AD VALEEM rate of 25 percent to the “non -American” content, a measure that was announced on March 26 and entered into force since April 3, for vehicles and will apply no later than May 3, for auto parts.
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He added that Mexican automotive exports aimed at the United States will pay a 6,652 MDD tariff, according to a United States valuation.
And according to an analysis of the Mexican Association of the Automotive Industry will pay taxes of 3,326 MDD.
The National Chamber of the Iron and Steel Industry estimates that tariffs threaten 75 percent of Mexican steel exports, valued at 2,100 million pesos, putting key investments in the country at risk.
