Electronics tariffs in Mexico

Mexico imported $89B of electronics in 2024 (HS Chapter 85). The US ($28B), China ($25B), South Korea ($8B), Malaysia ($4B) and Vietnam ($4B) lead. Mexico is the world's largest exporter of TVs and refrigerators ($23B and $6B respectively). Most consumer electronics enter MFN-free under WTO ITA bindings. NOM (Norma Of…