The Mexican government imposes a 50% tariff on white corn imports

President Andrés Manuel López Obrador issued a presidential decree through which modifications are made to the temporary tariffs applicable to white corn in Mexico, with the aim of guaranteeing the stability of grain prices and promoting its production and internal marketing. The federal government had carried out a series of decrees related to white corn in the last year. On June 7, 2022, the "Decree issuing the General Import and Export Tax Law" was published, which establishes the quotas that determine import and export taxes. Likewise, on January 6, 2023, the "Decree exempting the payment of import tariffs and granting administrative facilities to various merchandise in the basic basket and basic consumption of families" was issued, which temporarily exempted the payment of tariffs for basic consumer products, including white flour corn. But now the federal government has verified that the exemption from the import tariff for white flour corn has not generated a significant ...