Mexico unveils new tariffs, popular e-tailers like Shein, Temu may be in crosshairs
Published On Dec 31, 2024, 2:50 PM
Mexico's tax authority has introduced new tariffs that will affect online retailers from Asia, including popular e-tailers Shein and Temu. Goods imported from countries without international treaties, like China, will face a 19% duty. This is part of a broader initiative to regulate foreign goods and protect local industries. E-commerce companies may face significant challenges due to these increased costs, which could disrupt their supply chains and market competitiveness.
Stock Forecasts
SHEN
Negative
E-commerce companies like Shein and Temu, which heavily rely on low-cost Asian imports, may see their profit margins shrink due to increased tariffs, impacting their stock performance. Investors should be cautious as market reactions may reflect negative sentiment towards these companies in the short term.