USD 798 billion (total trade between US and Mexico)
Year
2022
Trend
Increasing, with a 17% growth in bilateral trade from 2021 to 2022
Special Rates
Preferential Rate
0%
Subject to quantitative limits as per U.S. note 4(a) to the relevant subchapter; must meet USMCA rules of origin and documentation requirements.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. and Mexico Agree on Revised Quantitative Limits for Steel Imports
The United States and Mexico have reached an agreement to adjust the quantitative limits on steel imports under U.S. note 4(a) to subchapter HS Code, aiming to balance trade flows and protect domestic industries.
October 15, 2023
Impact: This adjustment may restrict certain steel imports from Mexico, potentially increasing costs for U.S. manufacturers reliant on Mexican steel, while benefiting domestic producers.
Mexico Challenges U.S. Quantitative Limits on Agricultural Products
Mexico has raised concerns over the quantitative limits imposed by the U.S. on specific agricultural goods under HS Code provisions, citing potential violations of USMCA trade agreements.
September 22, 2023
Impact: This dispute could lead to retaliatory tariffs or trade negotiations, affecting U.S. farmers and Mexican exporters in the short term.
U.S. Customs Tightens Enforcement of Quantitative Limits on Textile Imports from Mexico
U.S. Customs and Border Protection announced stricter monitoring of textile imports from Mexico under U.S. note 4(a), ensuring compliance with quantitative limits specified in the HS Code subchapter.
August 30, 2023
Impact: Mexican textile exporters may face delays or reduced market access, while U.S. textile industries could see reduced competition.
Policy Updates
Update to U.S. Note 4(a) Quantitative Limits under USMCA
The U.S. Trade Representative announced a revision to the quantitative limits specified in U.S. note 4(a) for certain goods from Mexico, aligning with USMCA commitments to ensure fair trade practices.
Date: October 1, 2023
New Compliance Guidelines for HS Code Quantitative Limits
U.S. Customs issued updated guidelines for importers to adhere to quantitative limits under U.S. note 4(a), including mandatory documentation for goods from Mexico to prevent quota violations.
