Over the past few years, before and Shin have become two very popular platforms in Mexico. Thanks to their low prices, users have an unlimited number of products at their disposal that do not significantly damage their wallets. however, That will change in 2025 and the new law will force Chinese companies to pay tariffs.
A few days ago, the government of Mexico implemented a new tariff scheme, focused on the purchase of textiles and manufactured goods from countries without free trade agreements, such as China. total, Tariffs of 35% for manufactured goods and 15% for textiles are being discussed.
Specifically, the new tariff will increase the price of coats, raincoats and jackets by 35%; the cost of girdles, bras and underwear by 35%; 15% denim fabric; 35% by bed and blanket without electric; and 35% on apparel accessories and accessories. however, These measures will remain in force until April 2026Although at this point it is unknown what will happen after this date.
As if that was not enough, the Tax Administration Service, better known as SATEstablished that foreign platforms must register and comply with tax paymentsIt aims to prevent tax evasion and regulate electronic commerce. Thus, starting January 1, 2025, these companies will be required to: withhold 16% Value Added Tax (VAT), register with the Federal Taxpayer Registry (RFC) and comply with Mexican tax regulations.
According to the president, Claudia Sheenbaum, These moves are focused on strengthening the Mexican market in the face of growing use of products at sites like Temu and Shin.. Thus, prices of products on these platforms are expected to increase substantially in 2025. On a related note, Temu has been accused of being a malware application. Similarly, Temu responded to his research in Europe.
Through: Country.
