Mexico’s government issued a decree in response to the tariffs imposed by the United States on Mexican steel and aluminum.
The decree (Spanish) [PDF 270 KB] includes a list of products from the United States that will have the NAFTA preferential treatment suspended when imported into Mexico. The tariff rates, thus, will range from 7% to 25% and will be imposed on 71 products having a U.S. origin and classified in chapters 02, 04, 08, 16, 20, 21, 22, 72, 73, 76, 84, 89, and 94. The tariff classifications include pork, cheese, apples, ham, cranberries, Tennessee or bourbon whisky, and certain diverse steel products, among others.
The Mexican government also announced an increase in the general import duty rate of approximately 186 steel products on their importation into Mexico.
Read a June 2018 report (Spanish) prepared by the KPMG member firm in Mexico
For more information, contact a KPMG trade and customs professional in Mexico:
César Buenrostro | +52 (81) 81 22 18 41 | firstname.lastname@example.org
Or contact a KPMG trade and customs professional in the United States:
Douglas Zuvich | +1 (312) 665-1022 | email@example.com
Andrew Siciliano | +1 (631) 425-6057 | firstname.lastname@example.org
© 2019 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.
Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.
The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.