Mexico imposes temporary tariffs to protect its textile industry

Mexico on Thursday announced temporary tariffs on a range of clothing and textile products in an effort to protect its industry and jobs.

The measures which do not apply to Mexico's free trade partners including the United States and Canada, and will remain in force until April 2026 include a tariff of 35 percent on 138 types of finished goods and 15 percent on 17 textile products.

The changes seek to curb imports of products with "incredibly low" prices that compete unfairly with local goods, the Economy Minister told a news conference.

The changes also aim to crack down on the practice of ready-to-sell goods being brought into the country as unfinished products.