IBOV 173,768.17 ▼ 0.03% IPSA 10,913.99 ▼ 0.31% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,187,056 ▲ 0.06% COLCAP 2,287.57 ▲ 0.11% BVL PERÚ 57,220.16 — — USD/BRL5.11▲ 0.16% USD/MXN17.53▲ 0.59% USD/CLP934.70▲ 1.05% USD/COP3,257▲ 0.81% USD/PEN3.39▲ 0.22% USD/ARS1,478▲ 0.17% USD/UYU40.23▲ 1.74% USD/PYG6,032▲ 1.81% USD/BOB10.65▲ 4.37% USD/DOP58.24▲ 1.37% USD/CRC446.12▲ 1.44% USD/GTQ7.62▲ 2.73% USD/HNL26.73▲ 1.94% USD/NIO36.62▲ 1.17% USD/VES730.65▲ 0.57% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59▲ 0.87% USD/TTD6.74▲ 1.70% EUR/BRL5.84▲ 0.12% BRENT 87.68 ▲ 4.10% WTI 81.32 ▲ 3.00% IRON ORE 161.91 — — COPPER 6.26 ▼ 0.60% GOLD 4,010 ▲ 0.62% SILVER 56.19 ▲ 0.51% SOY 1,203 ▲ 0.63% CORN 468.25 ▲ 6.06% WHEAT 684.75 ▲ 1.48% COFFEE 321.10 ▼ 0.06% SUGAR 14.82 ▲ 2.63% ORANGE JUICE 139.35 ▲ 4.15% COTTON 78.93 ▲ 1.60% COCOA 5,610 ▲ 7.55% BEEF 220.63 ▼ 2.84% CATTLE 339.08 ▼ 2.17% LITHIUM 68.35 ▼ 0.75% PETR4 40.85 ▲ 2.41% VALE3 72.66 ▼ 0.44% ITUB4 41.92 ▼ 1.48% BBDC4 18.24 ▼ 0.92% ABEV3 15.53 ▼ 0.45% BBAS3 20.34 ▼ 2.02% B3SA3 15.19 ▼ 1.30% WEGE3 43.46 ▼ 0.07% PRIO3 57.85 ▲ 1.87% SUZB3 41.88 ▲ 0.43% RENT3 37.91 ▼ 2.44% AZZA3 18.42 ▼ 0.59% CSAN3 3.85 ▼ 0.77% RAIZ4 0.28 ▼ 3.45% PCAR3 2.56 ▼ 1.16% GMAT3 3.91 ▼ 0.26% PSSA3 54.96 ▼ 0.47% CVCB3 1.25 ▼ 7.41% POSI3 3.76 ▼ 3.09% SLCE3 13.52 ▼ 0.66% NATU3 8.54 ▼ 0.23% BRKM5 6.22 ▲ 1.97% RANI3 7.96 ▼ 1.49% CSNA3 5.05 ▼ 0.98% CMIN3 5.34 ▼ 2.02% USIM5 8.24 ▲ 4.30% GGBR4 24.03 ▲ 0.50% ENEV3 25.73 ▼ 0.85% CPFE3 46.92 ▼ 0.57% CMIG4 11.16 ▲ 0.63% EQTL3 39.48 ▼ 0.93% LREN3 13.36 ▼ 2.12% VIVT3 35.51 ▲ 0.11% RAIL3 13.67 ▼ 1.87% KLABIN 17.54 ▲ 1.04% RAIA DROGASIL 18.37 ▼ 0.81% RDOR3 35.59 ▼ 0.78% HAPV3 11.35 ▲ 3.65% FLRY3 16.59 ▲ 1.04% SMTO3 15.48 ▼ 1.53% UGPA3 32.03 ▲ 0.13% VBBR3 34.94 ▲ 1.66% BBSE3 40.81 ▼ 0.90% BPAC11 56.16 ▼ 0.76% CURY3 30.49 ▼ 2.56% AERI3 2.03 ▲ 0.50% VIVARA 22.43 ▼ 3.94% COMPASS 24.78 ▼ 0.52% VAMOS 3.17 ▲ 0.32% SANB11 26.60 ▼ 0.86% ASAI3 8.39 ▼ 1.99% SBSP3 29.26 ▼ 0.14% WALMEX 49.50 ▼ 0.12% GMEXICO 200.20 ▲ 0.48% FEMSA 224.70 ▼ 0.16% CEMEX 22.65 ▼ 0.57% GFNORTE 180.38 ▼ 0.01% BIMBO 57.99 ▲ 0.12% TELEVISA 9.61 ▲ 1.05% AMX 23.18 ▲ 1.76% GAP 386.03 ▼ 1.46% ASUR 278.98 ▼ 0.70% OMA 229.72 ▼ 1.45% KOF 180.24 ▲ 0.72% GRUMA 286.26 ▼ 0.03% KIMBER 38.59 ▼ 0.49% SQM-B 65,140 ▼ 1.38% COPEC 6,224 ▲ 1.59% BSANTANDER 77.27 ▼ 1.14% FALABELLA 5,877 ▲ 0.42% ENELAM 84.34 ▼ 0.54% CENCOSUD 2,000 ▼ 0.25% CMPC 1,076 ▲ 0.22% BANCO CHILE 188.21 ▼ 0.35% LATAM AIR 24.72 ▼ 2.68% YPF 77,700 ▲ 2.14% GGAL 7,780 ▼ 1.08% PAMPA 5,175 ▲ 1.27% TXAR 666.50 ▲ 0.68% ALUAR 952.00 ▲ 1.28% TGS 9,345 ▼ 0.43% CEPU 2,255 ▼ 0.22% MIRGOR 16,800 ▲ 0.30% COME 43.78 ▼ 1.53% LOMA NEGRA 3,518 ▼ 1.12% BYMA 299.00 ▼ 0.83% TELECOM ARG 4,123 ▼ 1.38% ECOPETROL 16.00 ▲ 1.27% BANCOLOMBIA 80.18 ▲ 0.89% GRUPO AVAL 4.93 ▼ 0.80% CREDICORP 390.45 ▲ 0.78% SOUTHERN COPPER 172.24 ▼ 1.95% BUENAVENTURA 30.00 ▼ 0.56% MERCADOLIBRE 1,817 ▼ 2.17% NUBANK 13.57 ▼ 1.60% XP 16.69 ▲ 0.06% PAGSEGURO 9.05 ▼ 1.09% STONE 11.09 ▼ 0.98% GLOBANT 32.32 ▲ 0.37% TECNOGLASS 45.73 ▼ 2.34% GAP AIRPORT 220.35 ▼ 2.18% ASUR 278.98 ▼ 0.70% OMA AIRPORT 104.96 ▼ 2.10% AMX ADR 26.36 ▲ 0.82% FEMSA ADR 128.19 ▼ 1.00% CEMEX ADR 12.93 ▼ 1.30% PETROBRAS ADR 17.90 ▲ 2.46% VALE ADR 14.18 ▼ 0.32% ITAU ADR 8.20 ▼ 1.27% SANTANDER BR 5.22 ▼ 1.42% AMBEV ADR 3.02 ▼ 0.98% CSN 0.99 ▼ 0.58% GERDAU 4.72 — 0.00% LATAM ADR 52.62 ▼ 1.06% BTC 64,098 ▲ 0.48% ETH 1,842 ▼ 1.13% SOL 75.07 ▼ 0.27% XRP 1.09 ▲ 0.21% BNB 566.96 ▼ 0.91% ADA 0.17 ▲ 2.94% DOGE 0.07 ▲ 0.27% AVAX 6.57 ▲ 0.98% LINK 8.22 ▼ 1.30% DOT 0.85 ▼ 0.44% LTC 45.04 ▲ 0.22% BCH 219.89 ▼ 0.78% TRX 0.32 ▼ 0.13% XLM 0.19 ▲ 0.79% HBAR 0.07 ▼ 0.78% NEAR 1.92 ▼ 2.22% ATOM 1.51 ▲ 0.29% AAVE 90.46 ▼ 0.73% SELIC 14.25% EMBRAER 81.76 ▼ 0.01% EMBRAER ADR 64.03 ▼ 0.53% JBS 11.83 ▼ 1.70% JBS BDR 60.27 ▼ 2.00% MBRF3 14.91 ▼ 2.49% MBRFY 2.89 ▼ 1.37% INTER 5.36 ▼ 3.34% IBOV 173,768.17 ▼ 0.03% IPSA 10,913.99 ▼ 0.31% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,187,056 ▲ 0.06% COLCAP 2,287.57 ▲ 0.11% BVL PERÚ 57,220.16 — — USD/BRL 5.11 ▲ 0.16% USD/MXN 17.53 ▲ 0.59% USD/CLP 934.70 ▲ 1.05% USD/COP 3,257 ▲ 0.81% USD/PEN 3.39 ▲ 0.22% USD/ARS 1,478 ▲ 0.17% USD/UYU 40.23 ▲ 1.74% USD/PYG 6,032 ▲ 1.81% USD/BOB 10.65 ▲ 4.37% USD/DOP 58.24 ▲ 1.37% USD/CRC 446.12 ▲ 1.44% USD/GTQ 7.62 ▲ 2.73% USD/HNL 26.73 ▲ 1.94% USD/NIO 36.62 ▲ 1.17% USD/VES 730.65 ▲ 0.57% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.87% USD/TTD 6.74 ▲ 1.70% EUR/BRL 5.84 ▲ 0.12% BRENT 87.68 ▲ 4.10% WTI 81.32 ▲ 3.00% IRON ORE 161.91 — — COPPER 6.26 ▼ 0.60% GOLD 4,010 ▲ 0.62% SILVER 56.19 ▲ 0.51% SOY 1,203 ▲ 0.63% CORN 468.25 ▲ 6.06% WHEAT 684.75 ▲ 1.48% COFFEE 321.10 ▼ 0.06% SUGAR 14.82 ▲ 2.63% ORANGE JUICE 139.35 ▲ 4.15% COTTON 78.93 ▲ 1.60% COCOA 5,610 ▲ 7.55% BEEF 220.63 ▼ 2.84% CATTLE 339.08 ▼ 2.17% LITHIUM 68.35 ▼ 0.75% PETR4 40.85 ▲ 2.41% VALE3 72.66 ▼ 0.44% ITUB4 41.92 ▼ 1.48% BBDC4 18.24 ▼ 0.92% ABEV3 15.53 ▼ 0.45% BBAS3 20.34 ▼ 2.02% B3SA3 15.19 ▼ 1.30% WEGE3 43.46 ▼ 0.07% PRIO3 57.85 ▲ 1.87% SUZB3 41.88 ▲ 0.43% RENT3 37.91 ▼ 2.44% AZZA3 18.42 ▼ 0.59% CSAN3 3.85 ▼ 0.77% RAIZ4 0.28 ▼ 3.45% PCAR3 2.56 ▼ 1.16% GMAT3 3.91 ▼ 0.26% PSSA3 54.96 ▼ 0.47% CVCB3 1.25 ▼ 7.41% POSI3 3.76 ▼ 3.09% SLCE3 13.52 ▼ 0.66% NATU3 8.54 ▼ 0.23% BRKM5 6.22 ▲ 1.97% RANI3 7.96 ▼ 1.49% CSNA3 5.05 ▼ 0.98% CMIN3 5.34 ▼ 2.02% USIM5 8.24 ▲ 4.30% GGBR4 24.03 ▲ 0.50% ENEV3 25.73 ▼ 0.85% CPFE3 46.92 ▼ 0.57% CMIG4 11.16 ▲ 0.63% EQTL3 39.48 ▼ 0.93% LREN3 13.36 ▼ 2.12% VIVT3 35.51 ▲ 0.11% RAIL3 13.67 ▼ 1.87% KLABIN 17.54 ▲ 1.04% RAIA DROGASIL 18.37 ▼ 0.81% RDOR3 35.59 ▼ 0.78% HAPV3 11.35 ▲ 3.65% FLRY3 16.59 ▲ 1.04% SMTO3 15.48 ▼ 1.53% UGPA3 32.03 ▲ 0.13% VBBR3 34.94 ▲ 1.66% BBSE3 40.81 ▼ 0.90% BPAC11 56.16 ▼ 0.76% CURY3 30.49 ▼ 2.56% AERI3 2.03 ▲ 0.50% VIVARA 22.43 ▼ 3.94% COMPASS 24.78 ▼ 0.52% VAMOS 3.17 ▲ 0.32% SANB11 26.60 ▼ 0.86% ASAI3 8.39 ▼ 1.99% SBSP3 29.26 ▼ 0.14% WALMEX 49.50 ▼ 0.12% GMEXICO 200.20 ▲ 0.48% FEMSA 224.70 ▼ 0.16% CEMEX 22.65 ▼ 0.57% GFNORTE 180.38 ▼ 0.01% BIMBO 57.99 ▲ 0.12% TELEVISA 9.61 ▲ 1.05% AMX 23.18 ▲ 1.76% GAP 386.03 ▼ 1.46% ASUR 278.98 ▼ 0.70% OMA 229.72 ▼ 1.45% KOF 180.24 ▲ 0.72% GRUMA 286.26 ▼ 0.03% KIMBER 38.59 ▼ 0.49% SQM-B 65,140 ▼ 1.38% COPEC 6,224 ▲ 1.59% BSANTANDER 77.27 ▼ 1.14% FALABELLA 5,877 ▲ 0.42% ENELAM 84.34 ▼ 0.54% CENCOSUD 2,000 ▼ 0.25% CMPC 1,076 ▲ 0.22% BANCO CHILE 188.21 ▼ 0.35% LATAM AIR 24.72 ▼ 2.68% YPF 77,700 ▲ 2.14% GGAL 7,780 ▼ 1.08% PAMPA 5,175 ▲ 1.27% TXAR 666.50 ▲ 0.68% ALUAR 952.00 ▲ 1.28% TGS 9,345 ▼ 0.43% CEPU 2,255 ▼ 0.22% MIRGOR 16,800 ▲ 0.30% COME 43.78 ▼ 1.53% LOMA NEGRA 3,518 ▼ 1.12% BYMA 299.00 ▼ 0.83% TELECOM ARG 4,123 ▼ 1.38% ECOPETROL 16.00 ▲ 1.27% BANCOLOMBIA 80.18 ▲ 0.89% GRUPO AVAL 4.93 ▼ 0.80% CREDICORP 390.45 ▲ 0.78% SOUTHERN COPPER 172.24 ▼ 1.95% BUENAVENTURA 30.00 ▼ 0.56% MERCADOLIBRE 1,817 ▼ 2.17% NUBANK 13.57 ▼ 1.60% XP 16.69 ▲ 0.06% PAGSEGURO 9.05 ▼ 1.09% STONE 11.09 ▼ 0.98% GLOBANT 32.32 ▲ 0.37% TECNOGLASS 45.73 ▼ 2.34% GAP AIRPORT 220.35 ▼ 2.18% ASUR 278.98 ▼ 0.70% OMA AIRPORT 104.96 ▼ 2.10% AMX ADR 26.36 ▲ 0.82% FEMSA ADR 128.19 ▼ 1.00% CEMEX ADR 12.93 ▼ 1.30% PETROBRAS ADR 17.90 ▲ 2.46% VALE ADR 14.18 ▼ 0.32% ITAU ADR 8.20 ▼ 1.27% SANTANDER BR 5.22 ▼ 1.42% AMBEV ADR 3.02 ▼ 0.98% CSN 0.99 ▼ 0.58% GERDAU 4.72 — 0.00% LATAM ADR 52.62 ▼ 1.06% BTC 64,098 ▲ 0.48% ETH 1,842 ▼ 1.13% SOL 75.07 ▼ 0.27% XRP 1.09 ▲ 0.21% BNB 566.96 ▼ 0.91% ADA 0.17 ▲ 2.94% DOGE 0.07 ▲ 0.27% AVAX 6.57 ▲ 0.98% LINK 8.22 ▼ 1.30% DOT 0.85 ▼ 0.44% LTC 45.04 ▲ 0.22% BCH 219.89 ▼ 0.78% TRX 0.32 ▼ 0.13% XLM 0.19 ▲ 0.79% HBAR 0.07 ▼ 0.78% NEAR 1.92 ▼ 2.22% ATOM 1.51 ▲ 0.29% AAVE 90.46 ▼ 0.73% SELIC 14.25% EMBRAER 81.76 ▼ 0.01% EMBRAER ADR 64.03 ▼ 0.53% JBS 11.83 ▼ 1.70% JBS BDR 60.27 ▼ 2.00% MBRF3 14.91 ▼ 2.49% MBRFY 2.89 ▼ 1.37% INTER 5.36 ▼ 3.34%
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Friday, July 17, 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.

Deep Dive

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

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