🇮🇷 Iran vs 🇲🇽 Mexico Tariffs — Import Duty Comparison (2026)

Comparing import tariffs between Iran and Mexico reveals key differences that can significantly impact landed costs for US importers.

Both countries face the same base tariff rate of 10% on most goods entering the United States.

Both countries export Crude oil to the United States, creating direct competition in these sectors.

In terms of trade volume, Iran accounts for approximately $0.1B in bilateral trade with the US, compared to Mexico's $779B.

Both countries are subject to the 10% Section 122 tariff imposed on February 24, 2026, following the Supreme Court's ruling striking down IEEPA tariffs. This rate expires approximately July 24, 2026 unless Congress extends it.

Iran's advantages include: Unique export categories: Petroleum products, Carpets, Pistachios. Mexico's advantages include: Trade agreement: USMCA (duty-free on qualifying goods); Higher US trade volume ($779B vs $0.1B); Unique export categories: Motor vehicles, Auto parts, Computers.

With equivalent base tariff rates, the choice between Iran and Mexico depends primarily on product-specific duties, shipping costs, lead times, and supply chain considerations rather than the base tariff rate.