IBOV 178,721.76 ▲ 0.73% IPSA 11,315.26 ▼ 1.14% IPC MEX 65,430.32 ▼ 0.08% MERVAL 3,070,880 ▲ 1.22% COLCAP 2,467.03 ▲ 1.73% BVL PERÚ 59,450.29 ▲ 0.04% USD/BRL5.15▼ 0.74% USD/MXN16.96▼ 0.23% USD/CLP935.62▲ 0.15% USD/COP3,165▼ 1.13% USD/PEN3.36▼ 0.15% USD/ARS1,513▲ 0.25% USD/UYU40.24▲ 0.68% USD/PYG5,873▲ 0.47% USD/BOB12.08▲ 3.98% USD/DOP58.56▲ 0.38% USD/CRC446.47▲ 1.09% USD/GTQ7.62▲ 1.63% USD/HNL26.84▲ 1.11% USD/NIO36.62▲ 0.14% USD/VES796.33▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.69▼ 0.06% EUR/BRL5.96▼ 0.75% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 178,721.76 ▲ 0.73% IPSA 11,315.26 ▼ 1.14% IPC MEX 65,430.32 ▼ 0.08% MERVAL 3,070,880 ▲ 1.22% COLCAP 2,467.03 ▲ 1.73% BVL PERÚ 59,450.29 ▲ 0.04% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Tuesday, September 1, 2026

Latin America Mexico

Mexico Turns Against China: Sheinbaum’s Tariff Plan Fulfills Trump’s Fortress Vision

By · March 9, 2025 · 2 min read

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Mexican President Claudia Sheinbaum announced Thursday the country will review tariffs on Chinese imports. Her declaration follows Trump’s exemption of Mexican products from his 25% tariffs on goods covered under the USMCA trade agreement.

“We need to review the tariffs we have with China,” Sheinbaum stated at a press conference. She highlighted devastating impacts on Mexico’s domestic industries.

“A large part of Chinese products entering Mexico caused the collapse of our textile and footwear sectors,” she explained. The potential policy shift aligns with Trump’s vision of creating a “North American Fortress” against Chinese goods.

US Treasury Secretary Scott Bessent revealed Mexico proposed matching Washington’s tariffs on China. Trump recently increased Chinese import tariffs from 10% to 20%.

Mexico already imposed compensatory quotas up to 17.99% on Chinese footwear last September following an anti-dumping investigation. These duties supplement existing 35% tariffs on Chinese footwear imports.

Mexico Turns Against China: Sheinbaum's Tariff Plan Fulfills Trump's Fortress Vision
Mexico Turns Against China: Sheinbaum’s Tariff Plan Fulfills Trump’s Fortress Vision. (Photo Internet reproduction)
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The footwear industry has lost 7,480 jobs since June 2023 and faced a 12.6% production decline. Chinese “fast fashion” platforms like Shein and Temu create particular challenges.

They ship merchandise valued under $50 without paying import taxes through the “de minimis” mechanism. Industry experts report millions of products enter Mexico annually without proper taxation or regulatory compliance.

Mexico-China Trade Imbalance Sparks Tensions

Mexico maintains a severely imbalanced trade relationship with China. For every dollar Mexico exported to China in 2023, the Asian nation sold 11.4 dollars to Mexico. This disparity continues to worry Mexican officials and industry leaders.

Chinese Commerce Minister Wang Wentao criticized countries “wielding the tariff stick” and disrupting international trade order. He promised Beijing would support Chinese exporters against these measures.

Mexican tariffs on Chinese goods could reshape North American trade relations and global supply chains. The move represents a diplomatic victory for Trump’s protectionist vision and marks a strategic shift in Mexico’s approach to international trade.

Key Facts

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For the complete picture, read our in-depth guide: Mexico Economy 2026: GDP, Peso, Nearshoring, Banxico and Trade

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