Heavy impact of tariffs applied to Chinese products on the Mexican packaging industry.
- arisbetperezc
- May 28, 2024
- 1 min read
In a recent economic measure, the government decided to increase tariffs on 544 products
from China, including paper and cardboard.This decision aims to protect employment and
domestic production while strengthening the domestic Mexican market against unfair trade
practices.
Although the aim of this policy is to protect jobs, bolster domestic production, and address unfair trade practices, at Litoplas we are deeply concerned about the direct impact it's having on our operations.
Multi-layered cardboard is crucial for our product manufacturing. With this tariff increase,
costs for key materials automatically rise (25% in this case), prompting a need to reassess
negotiation strategies. This situation forces us to consider options like possibly reconfiguring the
supply chain towards alternative suppliers. We are negotiating with suppliers from countries with whom we have trade agreements. However, we have noticed that these suppliers are adjusting their prices due to the increased costs caused by the new tariffs on Chinese products.
Today, more than ever, we must be innovative and strategic in our decisions to ensure that
Litoplas can continue offering high-quality products without sacrificing our financial stability or
reputation. This is not only a test of our resilience but also an opportunity to demonstrate our
adaptability in uncertain times.
Sources:
Litoplas Editorial Team.
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