3 Apr 2025 1:14 pm
The rest of the story:jerrab » 22 minutes ago » wrote: ↑ --------------------------------
Does Mexico have tariffs on the US?
Mexico - Import Tariffs Mexico - Import Tariffs. Includes information on average tariff rates and types that U.S. firms should be aware of when exporting to the market. There are no tariffs for products made in the United States that meet NAFTA rules of origin requirements.
In addition, Mexico has a value-added tax (IVA) on most sales transactions, including sales of foreign products. The IVA rate is 16 percent for all of Mexico. Basic products, such as food and drugs, and some services, are exempt from the IVA. A special tax on production and services (IEPS) is assessed on the importation of alcoholic beverages, cigarettes and cigars. In 2013, IEPS was expanded to include a tax on soda, high calorie foods, and junk foods. This tax may vary from 25 to 160 percent depending on the product.