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Mexico to Triple Tariffs on Non-FTA Passenger Vehicles

12/27/2025

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Summary

Story summary

Mexico will raise import tariffs on passenger vehicles from 20% to 50% for non-FTA countries, effective January 1, 2026, after Senate approval.
The move aims to protect about 350,000 jobs and bolster domestic manufacturing.
The tariff increase threatens about $1 billion in Indian vehicle exports, affecting Maruti Suzuki and Hyundai.
As the USMCA review approaches in July 2026, the tariff could raise costs for U.S. collision repair shops.

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Story summary

Mexico will raise import tariffs on passenger vehicles from 20% to 50% for non-FTA countries, effective January 1, 2026, after Senate approval.
The move aims to protect about 350,000 jobs and bolster domestic manufacturing.
The tariff increase threatens about $1 billion in Indian vehicle exports, affecting Maruti Suzuki and Hyundai.
As the USMCA review approaches in July 2026, the tariff could raise costs for U.S. collision repair shops.