Mexico’s 2026 Budget Targets Asian Nations with New Tariffs, Sparks Trade Concerns

Mexico's Treasury Secretary Edgar Amador unveiled a 2026 budget plan introducing tariffs primarily affecting Asian nations without existing trade agreements. While China wasn't explicitly named, the move aligns with WTO guidelines and aims to strengthen domestic industries. The policy emerges amid strained US-Mexico trade talks, where the TRUMP administration previously threatened expanded tariffs on Mexican goods.

Amador emphasized the government's caution in evaluating potential market disruptions. The tariffs seek to boost local consumption and reduce trade deficits, reflecting Mexico's broader strategy to recalibrate its trade relationships. This follows similar measures implemented in December 2023, signaling continuity in Mexico's protectionist economic approach.