💨 Abstract

Mexico's tax authority SAT announced new tariffs on Tuesday, targeting goods from Asia, which could impact online retailers such as Shein and Temu. Goods entering from countries without a treaty with Mexico, including China where these retailers are based, will be subject to a 19% duty. Goods from countries with a treaty will face a 17% duty if their value exceeds $50 but does not exceed $117.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖