Recently, the Mexican government announced that it will temporarily exempt tariffs on products including wheat and fertilizers. The tariff exemption for some products in the staple food basket or products related to the staple food basket will last until December 31, 2025. Other products exempted from tariffs include wheat, wheat flour, steel and laminated products, bottle caps, fish nets, buoys, ropes and ammonium sulfate. This will help curb inflation, reduce the import costs of these products, and thus stabilize market prices, reduce the cost of living, reduce the burden of life on the people, and increase consumer purchasing power, thereby enhancing economic vitality, promoting the development of related industries, and promoting the recovery of the Mexican economy.