HS Code:
Goods of Mexico or the United States provided for in note 6(a) to this subchapter generally include specific products that qualify for preferential treatment under the United States-Mexico-Canada Agreement (USMCA). These goods often encompass agricultural products, manufactured items, and other commodities that meet the rules of origin criteria outlined in the agreement. This category ensures reduced or eliminated tariffs for qualifying goods, fostering trade between the two nations. The Harmonized System (HS) Code for these goods varies depending on the specific product, as note 6(a) refers to a broad provision rather than a single code.
Total Trade Volume
USD 677 billion
Data from 2022
Source
United States Census Bureau, International Trade Data
Average Rate
0% (under USMCA preferential treatment for qualifying goods)
Highest Rate
Up to 25% for non-qualifying goods or under specific retaliatory measures
Lowest Rate
0% for most goods meeting USMCA rules of origin
Increased demand for automotive parts and electronics
Boosted bilateral trade due to integrated supply chains under USMCA, with Mexico becoming a key supplier of auto parts to the U.S.
2021-2022
Growth in agricultural exports from Mexico to the U.S.
Significant rise in exports of fruits, vegetables, and beverages, driven by consumer demand for fresh produce in the U.S. market.
2020-2022
Shift towards nearshoring in manufacturing
U.S. companies increasingly relocate production to Mexico to reduce costs and mitigate supply chain disruptions, enhancing trade volumes.
2022-2023
A dispute panel ruled in favor of Mexico and Canada regarding the interpretation of automotive rules of origin, easing compliance for manufacturers.
January 2023
Expected to increase trade in automotive goods by reducing regulatory burdens for Mexican exporters to the U.S.
Discussions emerged over potential tariffs on Mexican agricultural products due to disputes over GMO corn imports, creating uncertainty.
February 2023
Could lead to retaliatory measures and disrupt agricultural trade flows if unresolved.
The U.S. invoked labor provisions under USMCA to address worker rights issues in Mexican factories, leading to improved conditions.
May 2023
Strengthens trade relations by ensuring fair labor practices, potentially increasing costs for manufacturers but improving long-term stability.