Banamex expects a 14% tariff for Mexico starting in August

President Donald Trump announced last Saturday that he will impose new 30 percent tariffs on Mexico starting August 1 as part of his trade strategy. Credit: Courtesy

If the tariff increase from 25 to 30 percent for products not covered by the USMCA, applied to Mexican imports from the U.S., is implemented, the country would face an average tariff of 13.7 percent starting in August, up from the current 11.9 percent, according to estimates from Banamex's Economic Studies department.