US EditionChina warns Mexico to 'think twice' before raising tariffs, threatens countermeasures
Mexico's tariff proposal targets $52 billion in imports to protect local jobs and align with U.S. trade policies, while China warns of countermeasures and economic risks.
- Mexico announced a proposal on Wednesday to raise tariffs on Asian-made vehicles, mainly from China, from 20% to 50%.
- The tariff hike aims to protect local jobs in strategic sectors, reflecting rising trade tensions influenced by US pressure on China.
- China condemned the measures as discriminatory and warned Mexico to be cautious, emphasizing both countries' important economic cooperation.
- The proposed tariffs would impact $52 billion of imports representing 8.6% of Mexico’s total, and Mexico’s auto industry is its largest employer.
- If enacted, the tariffs could escalate trade friction, with China pledging necessary countermeasures while investments between the countries exceed $7 billion.
45 Articles
45 Articles
China Accuses Mexico Of "Appeasement," Warns Against Trade Alignment With Trump's Agenda
China Lashes Out at Mexico Over Tariffs, Citing Trump’s Influence China has issued a warning to Mexico for its proposed tariffs on Chinese goods, accusing its trading partner of “appeasement and compromise toward unilateral bullying” from the United States. The rebuke comes as Mexico considers a new trade policy that would align more closely with […] China Accuses Mexico Of “Appeasement,” Warns Against Trade Alignment With Trump’s Agenda
China Warns Mexico: Raising Car Tariffs Could Spark Retaliation
China has publicly warned Mexico to drop a plan that would sharply increase tariffs on imports from countries without special trade deals, especially hitting Chinese-made cars and goods. Mexico says these new tariffs—covering up to $52 billion in imports including cars, steel, and electronics—would help local factories against what officials call an “invasion” of cheaper […]
Mexican officials to speak with China on tariffs next week
MEXICO CITY (Reuters) -Mexican officials are set to speak with representatives from China next week about Mexico’s planned tariffs on goods from the Asian country, President Claudia Sheinbaum said on Friday, saying the tariffs were not intended as a coercion measures. Sheinbaum added that the proposed measures, which are set to impact hundreds of goods from countries with which Mexico does not have trade agreements, notably cars sent from China,…
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