Mexico Introduces New Tariffs Targeting E-Tailers Like Shein and Temu
Mexico’s new tariffs could hit popular e-commerce sites, raising costs for consumers and impacting online shopping dynamics.
Mexico, Shein, Temu, Tariffs, E-commerce, SAT
MEXICO CITY: So, Mexico’s tax authority just dropped some new tariffs that could shake things up for online shopping. They’re aiming to keep a closer eye on goods coming in from Asia, which means popular sites like Shein and Temu might feel the pinch.
Starting January 1, if you’re getting stuff shipped from countries without a trade deal with Mexico, like China, you’ll be looking at a 19% duty. That’s a big deal for those trendy clothes and gadgets we love.
Even goods from Canada and the U.S. will face a 17% duty if they’re valued between $50 and $117. It’s a shift from the old rules where you could get away without paying duties on lower-value items.
The tax folks say this is all about fighting against unfair practices and making sure local businesses can compete. But some experts are worried this could really mess with Mexico’s IMMEX program, which lets foreign companies bring in goods tax-free for manufacturing.
With these changes, Shein and Temu, which are already competing with giants like Walmart and Amazon, might have a tougher time keeping prices low. It’s definitely something to keep an eye on as we head into the new year.