US Proposes Global Tariff Under Section 301

Mexico's Economy Ministry released a detailed technical report following the US Trade Representative's (USTR) announcement of a proposed global tariff backed by Section 301 of the 1974 Trade Act. The US trade authority proposed a 10% tariff on a bloc of economies, including key partners like Mexico, Canada, and the European Union. The stated rationale centers on increased oversight of global supply chains to prevent goods linked to forced labor schemes in third countries from entering US markets.

85% of Mexican Exports Fully Protected

After direct institutional consultations with counterparts in Washington, Mexico's Economy Ministry clarified the real impact on domestic trade. Official data shows that roughly 85% of Mexican goods destined for the US are completely shielded from this measure, as they are fully integrated under the legal framework and rules of the Mexico-US-Canada Trade Agreement (T-MEC).

Authorities also confirmed that the exemption covers components and goods previously regulated by trade security provisions in the steel, aluminum, and automotive sectors. For the remaining 15% of export sectors, the Economy Ministry announced it will engage in a productive 45-day period of technical dialogue and presentation of regulatory evidence, ensuring complete commercial certainty for cross-border investments.

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