📊Executive Summary

Mexico is set to impose new tariffs of up to 50% on imports from countries without free trade agreements, primarily targeting China. This legislative initiative aims to modify the Law on General Import and Export Taxes and is expected to pass given the ruling party's majority in Congress. The tariffs will affect various sectors, including automotive and electronics, and are part of a broader strategy to reduce reliance on imports and bolster domestic production. This move could significantly impact procurement strategies for companies sourcing from China, as it may lead to increased costs and necessitate adjustments in supply chains....