Background On August 1, 2025, the Tax Administration Service (“SAT”) uploaded to the Mexican Foreign Trade Digital Window (“VUCEM”) the electronic prescribed form for the “Customs Value Declaration”. This form also triggers the effectiveness of the obligation set forth in Article 81 of the Regulations to the Customs Law, which had been dormant since publication in 2015. The transmission of the Electronic Customs Value Declaration, along with its annexes, will be mandatory starting on December…
On August 28, 2025, the Decree amending Annex I of the Decree for the Promotion of the Manufacturing, Maquiladora and Export Services Industry was published in the Federal Official Gazette (DOF). The amendment consists of the addition to such Annex of headings 64.01 to 64.05 (50 tariff items) of the Mexican General Import and Export Duty Law (“TIGIE”), corresponding to finished footwear, which means that these goods may no longer be imported under this decree.…
On July 28, 2025, the Ministry of Finance and Public Credit published in the afternoon edition of the Federal Official Gazette, a resolution of amendment to the Foreign Trade General Rules for 2025. As a result of this publication, as of August 15, 2025 the global rate that must be paid when importing goods into Mexico using the services of a courier company will be increased from 19% to 33.5% (see original rules and rates…
On July 11, 2025, the White House announced through a letter published on its social media channels that, starting August 1, 2025, the United States will impose a revised 30% tariff on goods from Mexico and the European Union. For additional information on the announcement, please refer to our blog post: US: President Trump Hits Canada, EU and Mexico with High Tariffs – Import and Trade Remedies Blog In response, on July 12, 2025, the…
At 4 PM EDT on April 2, 2025, President Trump announced his reciprocal tariffs on all imports into the United States. Importantly, goods from Canada and Mexico were excluded from additional duties. Other announced rates include: United Kingdom (10%), EU (20%), China (34%), Vietnam (46%), Taiwan (32%), South Africa (30%), Japan (24%), India (26%), South Korea (25%), and Brazil (10%). While the White House Fact Sheet and Executive Order have been released, official documents referenced…
Trench Rossi Watanabe* is delighted to host an in-person conference: LATAM Trade Day: 100 Days of the Trump Administration – New Trends For International Trade. Along with the Brazilian team, the panels will feature guest speakers from Baker McKenzie from across the US, Europe, Asia and of course Latin America – including colleagues from Colombia, Argentina, Mexico, Peru, Chile and Venezuela. Our inaugural LATAM trade day will provide clients with insights into the latest geopolitical developments…
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…
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,…
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…
On Thursday 12 December, we hosted the webinar “Trump and Tariffs: A Global Perspective of What Lies Ahead”. The session focused on the potential tariff impacts of President-Elect Trump’s second term in office, giving a global perspective on what to look out for, and how best to prepare. Highlights from our speakers are set out below. To listen to the full webinar, please click here. US Canada Mexico Latin America EU / UK Africa Middle…