Weekly pulse · Week of July 31

Weekly Pulse — July 31, 2026

The US postponed the 30% tariff for 90 days, a storm shut down Manzanillo for 19 hours, and the electronic value declaration got a last-minute third extension. The densest week of the year, in two minutes.

Published July 31, 2026, with data closed that same day

Tariff pause: 90 days
Drewry WCI: $4,255
FIX exchange rate: $17.5133

What matters

A 90-day tariff truce with the US. The July 31 Sheinbaum-Trump call postponed the 30% increase that was due August 1. Mind the fine print: the 25% on non-originating goods, 25% on autos and 50% on steel, aluminum and copper all stay — and USMCA-qualifying goods remain exempt. Origin certification is the variable that decides what you pay: the full analysis.
Manzanillo stopped for 19 hours. A storm knocked out power to customs and damaged cranes at two terminals: ~5,000 trucks stranded, a ~63 km queue reaching Tecomán, and losses of ~USD 5.2 million per Canacar, the trucking chamber. If your supply chain runs through a single port, the actionable lessons.
The electronic value declaration (MVE) takes effect tomorrow. [Update, Jul 31: SAT and ANAM published a third extension (release 53-2026) — enforcement moves to October 1, 2026.] Once it applies, the value declaration can only be transmitted through VUCEM, and without a folio there is no clearance — worth building your file now. The step-by-step with official screenshots.
Ocean freight logged its second straight weekly drop: Drewry’s World Container Index fell 3% to $4,255 per FEU, driven by Asia–Europe and the Transpacific. Good moment to pull spot quotes and check your spread against the index.
In this week’s DOF: the Economy Ministry published the notice for the sugar export quota to the US (Jul 31), and the peso closed with a FIX rate of 17.5133 (Jul 30).

Sources

Every figure in this edition comes from public sources, with data as of July 31, 2026. Freight indexes move week to week: use them as a trend reference, not as a quote.

Past editions

Week of July 28Weekly Pulse — July 28, 2026The value declaration goes live Saturday, Mexico’s Economy Ministry opened two import proceedings, and the peso held steady. What changed this week, in two minutes.

July 2026Mexico Logistics Market Report — July 2026Ocean rates turn down after ten straight weeks of increases, Manzanillo is saturated at its gates, USMCA moves to annual reviews, and the electronic value declaration becomes mandatory August 1. How July closed — and what is about to hit your operation.