How to Register a US Business in Australia
Learn how to register a US business in Australia. Navigate legal requirements, foreign company registration with ASIC, and the Australian tax system.
The US and Mexico have always had a strong trade relationship, and Mexican imports continue to gain traction in the US market. 2024 US imports from Mexico reached a record high, totaling over $500 billion, up 6.4% from 2023.ⁱ
Recent policy changes (as of 2025) have led to some shifts in trading, with the US introducing a 25% tariff on Mexican imports, starting from March 2025.² While the tariff hike does impact cross-border trade, there are methods to reduce the cost of importing from Mexico.
In this article, we’ll look at cost-saving tips to help you navigate new tariffs in our importing guide.
Importing from Mexico can be a cost-effective strategy for businesses looking to optimize their supply chain, as Mexico’s proximity to the US makes import logistics easier.
However, importing from Mexico depends on finding the cheapest shipping methods for your goods, managing suppliers, and understanding international trade regulations. Let’s look at some key steps in securing affordable imports from Mexico.
Finding and negotiating with reliable suppliers is essential when managing Mexican imports. There are several different methods for finding suppliers that offer the cheapest shipping without sacrificing reliability.
Once businesses have identified potential import partners, conducting factory audits and performing quality checks before submitting orders is essential. Visiting suppliers in person or hiring third-party inspection services ensures product quality and reliability. You can also request samples, and verify any certifications the manufacturer may hold to comply with US regulatory standards before placing large orders.
Reducing shipping and customs costs is essential, especially when considering import logistics.
Cost-effective shipping methods, optimized customs processes, and efficient payment solutions are all ways to save on Mexican imports. Let’s examine these options in more detail.
A few options are available to help ensure affordable imports. Due to Mexico’s proximity to the U.S., cross-border trucking is often more affordable than air or sea freight.
For example, consider your order size and whether Less-than-Truckload (LTL) vs. Full Truckload (FTL) is right for you. LTL is cost-effective for smaller shipments, while FTL is more suitable for large bulk orders.
Another method to consider is shipping partners. Partnering with freight forwarders or consolidating shipments with other businesses can lower per-unit shipping costs.
Many customs tips usually center around seeking out tariff benefits. The United States-Mexico-Canada Agreement (USMCA) currently eliminates or reduces tariffs on many goods imported from Mexico. However, it’s important to note this may change as current import policies are revised by the U.S.³.
| Most recent update (April 10, 2025): Items compliant with the United States-Mexico-Canada (USMCA) agreement can cross the border tariff-free, while non-compliant imports will be tariffed at 25%. Canada and Mexico were exempted from the 10% baseline tariff on April 5 and will continue to be exempt from that duty.⁸ |
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Licensed customs brokers can help you navigate import logistics, and ensure compliance with U.S. import regulations. Customs brokers can also help avoid unexpected delays or penalties, helping businesses save on costs.
Another cost-saving tip is to consider goods classification. Many businesses may have their import logistics solidified but classify goods incorrectly, leading to overpayments on duties. When importing from Mexico, it’s crucial to use the correct Harmonized Tariff Schedule (HTS) code when classifying shipments.
You can increase your revenue as an import business by saving on international fees. Choosing the wrong provider for international payments can end up costing your business. This is because many providers add hidden fees and use their own set exchange rates.
This is where Wise can help. Wise Business offers a solution for making international payments at the mid-market rate.
Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks. The Wise Business account is designed with international business in mind, and makes it easy to send, hold, and manage business funds in 40+ currencies. You can send money to 140+ countries. You can also get major currency account details for a one-off fee to receive overseas payments like a local.
With Wise Business, you can also set rate alerts to help you exchange USD to MXN at the best rate. This can help save a lot of money in the long run, compared to converting the money upon payment each time.
Signing up to Wise Business allows access to BatchTransfer which you can use to pay multiple invoices in one go.
| Read the guide on how to open a Wise Business account |
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Mexico is a major manufacturing hub that offers various high-quality, affordable products ready for import. Due to competitive labor costs and current cross-border trade advantages, Mexican manufacturing remains a strong option for affordable imports.
1. Automotive Parts & Accessories:
Mexico is the seventh-largest passenger vehicle manufacturer of auto parts worldwide. Common imports include tires, engines, electrical components, seat covers, and brake pads. Mexico has a strong supply chain for manufacturing these products, and its proximity to the US reduces shipping costs.⁴
2. Textiles & Apparel
Mexico is a leading denim, cotton garments, and leather goods supplier. Common import products include jeans, t-shirts, uniforms, and footwear.⁵ Currently, Mexican textile and apparel imports benefit from lower tariffs under USMCA⁶, although this may be subject to change in the future. Importing textile and apparel products also has faster delivery times due to proximity compared to Asia-based suppliers.
3. Industrial & Construction Materials
Mexico produces cost-effective raw materials and finished products, including steel, aluminum, glass, tiles, and cement⁷. Due to established supply chains and proximity, Mexican imports benefit from shorter lead times and reduced transport costs for bulky items.
4. Home Décor & Furniture
Handcrafted and mass-produced furniture are export staples of Mexico. Such as wooden tables, chairs, cabinets, pottery, and lighting fixtures. These types of items tend to be priced competitively, with high-quality craftsmanship.
5. Packaged Food & Beverages
Mexico is a top exporter of snack foods, coffee, tequila, and spices, with imports such as tortillas, sauces, chocolate, and mezcal rising. Currently, policies such as USMCA eliminate tariffs on such agricultural goods, although this is subject to change.
6. Electronics & Electrical Equipment
Mexico has a strong electronics industry, especially in border cities like Tijuana, with competitive pricing on import items such as cables, batteries, sensors, and smart home devices.
Importing from Mexico can be highly cost-effective, but businesses must optimize their approach to maximize savings. Here are some essential strategies to keep import costs low while ensuring smooth import logistics.
Effective negotiation with Mexican manufacturers and vendors can significantly reduce costs. Here’s how to secure the best pricing:
| Pay your import invoices in different currencies with BatchTransfer. Get the mid-market rate for all your transfers. |
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| Find out more |
Many businesses face challenges when importing from Mexico. Here’s how to avoid costly mistakes:
High bank fees and poor exchange rates can reduce profits when paying for Mexico's goods, shipping, or vendor services. Wise Business offers a cost-effective solution, allowing businesses to make international payments at competitive rates with no hidden fees.
It's easy to open a business account online, and there are no monthly subscription fees.
Open a Wise Business account online
| Some key benefits of Wise Business include: |
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| Read the guide on how to open a Wise Business account |
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*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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