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Adriana Ibarra-Fernandez (Mexico)

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Trump Tariffs: Customs Valuation and TP Impacts and Mitigation Strategies

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Implications of and potential mitigation strategies for U.S. and Global Tariff Changes from tax and transfer pricing perspectives Overview of Tax/Transfer Pricing Challenges The recently proposed increases in US tariffs on imports from Canada, Mexico (albeit currently paused) China and the EU, among others, introduced by the Trump administration, and the anticipated response from those jurisdictions impacted by the proposed US tariffs will have several transfer pricing implications which multinational enterprises (MNEs) should consider. These…

Round Two – Trump and Tariffs (Webinar) – February 20

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Baker McKenzie’s Global Customs Practice invites you to join us for a follow up webinar on “Trump and Tariffs: Section 232 Tariff Announcement, Reciprocal & Retaliatory Tariffs and More”This one-hour webinar will take place Thursday, 20 February 2025 at 10:00 CST / 11:00 EST / 17:00 CET.On February 10th President Trump announced that 25% tariffs will be imposed on all steel and aluminum products imported into the US from all countries, including Canada, Mexico, the EU and UK,…

Trump and Tariffs: Focus on the US, Canada and Mexico (Webinar)

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Baker McKenzie’s Global Customs Practice invites you to join us for a webinar we’ll be hosting on “Trump and Tariffs: Focus on the US, Canada and Mexico”.This one-hour webinar will take place Wednesday, 5 February 2025 at 10:00 Mexico City / 11:00 EST / 17:00 CET. On February 1st 2025, President Trump signed executive orders imposing the long-anticipated tariffs he has called on for Canada and Mexico including 25% tariffs on non-energy imports from Canada and on all…

Trump Tariffs – Further Updates from Mexico – Tariffs on Pause

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At the time of the publication of this blog post on February 3, 2025, the duties on Mexican products have been paused. Stay tuned for updates and insights and practical tips for trade between the United States and Mexico. On February 3, 2025, minutes before the Mexican President’s daily press conference, Claudia Sheinbaum, President of Mexico, and Donald Trump, President of the United States, held a telephone conference whereby they agreed to pause, for one…

President Trump Announces Long-Anticipated Tariffs on Canada, Mexico, and China

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At the time of the publication of this blogpost on February 1, 2025, Mexico, Canada, and China have not yet responded to the imposition of tariffs. Stay tuned for updates and insights and practical tips for trade between the United States and these three countries as the situation develops. President Trump signed executive orders today, February 1, 2025, imposing the long-anticipated tariffs he has called for on Canada, Mexico, and China since early in his…

Mexico: Foreign trade general rules for 2025

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In brief On 30 December 2024, the Ministry of Finance and Public Credit published in the Morning Edition of the Federal Official Gazette (DOF) the Foreign Trade General Rules for 2025, which became effective on 1 January 2025 and will remain in effect until 31 December of the same year, except for its transitory provisions. Moreover, on 6 and 7 January 2025 the authority also published in the DOF Annexes 3, 4, 5, 6, 7,…

Mexico introduces temporary tariffs on textile and apparel imports and broadens textiles that cannot be imported under IMMEX Programs

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On December 19, 2024, the Ministry of Economy published in the Evening Edition of the Federal Official Gazette a Decree amending the tariffs of the General Import and Export Tax Law and the Decree for the Promotion of the Manufacturing, Maquiladora and Export Services Industry (the “Decree”). By means of the Decree, the Mexican government amends the Tariff of the Law of General Import and Export Taxes (“TIGIE”) and the Decree for the Promotion of…

Mexico’s Reaction to the Announcement from President Elect Trump to Impose 25% Duties on Mexican and Canadian Goods

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As a result of the statement on migration, fentanyl and tariffs published by President Elect Donald Trump on November 25, 2024, Mexican President, Claudia Sheinbaum sent a letter to Mr. Trump expressing her concerns and the need to maintain the commercial partnership between the two countries. The letter was read by Mrs. Sheinbaum during her morning press conference of November 26, 2024 and was sent to Mr. Trump on that same day. A link to the…

Mexico: Second resolution of amendments to the Foreign Trade General Rules for 2024 and Annexes 1, 2, 5 and 24

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Published by Mexico’s tax administration service on 14 October 2024 On 14 October 2024, the 2nd Resolution of Amendments to the Foreign Trade General Rules (FTGR) for 2024 and Annexes 1, 2, 5 and 24 were published in the evening edition of the Federal Official Gazette. The resolution became effective on 15 October 2024; while Annex 24 provisions will become effective on 14 November 2024; and amendments to legal forms related to import operations by…

Customs and FTAs week: key trending customs and compliance developments

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For the third week, we continued our Annual Compliance Conference with key customs developments impacting on businesses today. Specifically, we discussed the reform of the Union Customs Code in the EU, key trending customs developments in EMEA, and different methods of driving significant financial savings in global supply chains. EU customs reform: biggest overhaul since 1968 Tuesday 14 May SPEAKERS: Nicole Looks (Partner, Amsterdam), Thomas Kukanza (Senior Trade Advisor, Brussels), Sylvain Guelton (Senior Associate, Brussels),…