Sudden! Add 19% tariff! Already effective!
Sunny Worldwide LogisticsIt is a logistics company with more than 20 years of transportation experience, focusing on markets such as Europe, the United States, Canada, Australia, and Southeast Asia. It is more of a cargo owner than a cargo owner~
The Mexican Tax Administration issued a series of new tariff policies on January 1, among which the 17% to 19% tariff on small-value goods imported through express delivery companies is the most noteworthy.
Specifically, according to the United States-Mexico-Canada Trade Agreement, goods entering via Canadian and American express companies and worth between US and US7 will be subject to a 17% tariff; while for goods from the international trade agreement signed with Mexico In other countries that are part of the treaty, goods worth more than are also subject to a 19% tariff.
It is worth noting that China, as one of the countries that has not signed relevant international treaties with Mexico, its domestic cross-border e-commerce platforms such as Shein and Temu may be directly affected by this policy.
The Mexican government stated that the main purpose of this new policy is to prevent the import of tax-evading products and strengthen the fight against abuses to ensure a level playing field for local Mexican companies and protect employment in related industries.
In fact,This is not the first time that the Mexican governmentTake strict measures against imported goods.
In fact, at the end of 2024, Mexico has issued a series of new trade policies, including imposing an additional 35% import tariff on more than 100 types of imported textiles and imposing a 16% value-added tax on cross-border e-commerce platforms.
The implementation of these policies will undoubtedly have a direct impact on the market competitive environment of Chinese exporters and global e-commerce platforms in Mexico.
As one of the fastest growing e-commerce markets in the world, Mexico has attracted the deployment of many cross-border e-commerce platforms.
Amazon, Walmart and Meikeduo occupy the top three e-commerce platforms in Mexico, followed by AliExpress, Temu, Shein and Shopee, demonstrating strong market competitiveness.
Shein and Temu, in particular, have considerable market shares in Mexico. Since Shein entered the Mexican market in 2018, it has quickly become a leader in the local fashion field; and since Temu was launched in Mexico in May 2023, its platform traffic has increased in just six months through measures such as low-price subsidies, free delivery and returns. Exponential growth was achieved within the month.
However,The impact of tariff policies on cross-border e-commerce cannot be ignored.Not only has Mexico taken relevant measures, but the United States also plans to cancel the tax exemption for certain low-value goods. The European Union is preparing new measures for cross-border e-commerce platforms. South Africa will impose a 45% tax on all imported clothing starting from July 1, 2024. Import duties plus VAT, which were previously 20% for low-value packages.
At present, it is unclear what measures platforms such as Shein and Temu will take in response to Mexico’s new tax policy. Whether these platforms will adjust their operating strategies, product pricing, and logistics methods in the future has become the focus of attention both inside and outside the industry.
Relevant industry insiders said that such adjustments to cross-border tariff policies not only affect the economic benefits and market layout of relevant enterprises, but also create new challenges and variables for the international trade chain of the entire cross-border e-commerce industry.