At the time of the publication of this blog post on February 3, 2025, the duties on Mexican products have been paused. Stay tuned for updates and insights and practical tips for trade between the United States and Mexico. On February 3, 2025, minutes before the Mexican President’s daily press conference, Claudia Sheinbaum, President of Mexico, and Donald Trump, President of the United States, held a telephone conference whereby they agreed to pause, for one…
President Trump signed an executive order on February 1, 2025 (“Executive Order”), imposing the long-anticipated tariffs on Canada, Mexico, and China under the International Emergency Economic Powers Act (“U.S. Tariffs”).Canada retaliated swiftly by implementing retaliatory tariffs/countermeasures at a rate of 25% pursuant to sections 53 and 79 of the Customs Tariff by way of an Order in Council (United States Surtax Order (2025) (“Canada Tariffs”). Read the Government of Canada’s press release here. For the…
At the time of the publication of this blogpost on February 1, 2025, Mexico, Canada, and China have not yet responded to the imposition of tariffs. Stay tuned for updates and insights and practical tips for trade between the United States and these three countries as the situation develops. President Trump signed executive orders today, February 1, 2025, imposing the long-anticipated tariffs he has called for on Canada, Mexico, and China since early in his…
In brief On 30 December 2024, the Ministry of Finance and Public Credit published in the Morning Edition of the Federal Official Gazette (DOF) the Foreign Trade General Rules for 2025, which became effective on 1 January 2025 and will remain in effect until 31 December of the same year, except for its transitory provisions. Moreover, on 6 and 7 January 2025 the authority also published in the DOF Annexes 3, 4, 5, 6, 7,…
On December 19, 2024, the Ministry of Economy published in the Evening Edition of the Federal Official Gazette a Decree amending the tariffs of the General Import and Export Tax Law and the Decree for the Promotion of the Manufacturing, Maquiladora and Export Services Industry (the “Decree”). By means of the Decree, the Mexican government amends the Tariff of the Law of General Import and Export Taxes (“TIGIE”) and the Decree for the Promotion of…
As a result of the statement on migration, fentanyl and tariffs published by President Elect Donald Trump on November 25, 2024, Mexican President, Claudia Sheinbaum sent a letter to Mr. Trump expressing her concerns and the need to maintain the commercial partnership between the two countries. The letter was read by Mrs. Sheinbaum during her morning press conference of November 26, 2024 and was sent to Mr. Trump on that same day. A link to the…
Published by Mexico’s tax administration service on 14 October 2024 On 14 October 2024, the 2nd Resolution of Amendments to the Foreign Trade General Rules (FTGR) for 2024 and Annexes 1, 2, 5 and 24 were published in the evening edition of the Federal Official Gazette. The resolution became effective on 15 October 2024; while Annex 24 provisions will become effective on 14 November 2024; and amendments to legal forms related to import operations by…
We are excited to launch Nearshoring Quick Chats, a collection of short conversations to guide you through the opportunities and challenges of nearshoring in Mexico. Our lawyers will discuss the main implications and challenges in the legal sphere around this trend, brought around by the ongoing geopolitical events. Many of our clients look to expand or move supply chain operations to more economical jurisdictions (while staying close to critical markets). For companies that focus on…
El pasado 22 de abril de 2024, la Secretaría de Economía publicó en el Diario Oficial de la Federación el Decreto por el que modifica la Tarifa de la Ley de los Impuestos Generales de Importación y de Exportación (TIGIE) aumentando el impuesto general de importación aplicable a 544 fracciones arancelarias de la TIGIE. Los aranceles temporales estarán vigentes del 23 de abril de 2024 al 23 de abril de 2026. https://www.dof.gob.mx/nota_to_doc.php?codnota=5724206 Mediante el referido…
On April 22, 2024, the Ministry of Economy published in the Federal Official Gazette an amendment to the Tariff Schedule of the General Import and Export Duties Law (“TIGIE” for its acronym in Spanish) increasing the duty rate applicable to 544 tariff items of the TIGIE. By means of this decree, the Mexican government imposed temporary duties, ranging between 5% and 50%, to different tariff items covering steel, aluminum, textiles, clothing, footwear, wood, plastic and…