Mexico Set to Vote on Sheinbaum’s Proposed Tariffs on China, Fueling Hopes for U.S. Steel Relief

Mexico weighs higher tariffs on China

Mexico’s Congress will today begin voting on a government proposal to hike tariffs to 50% on Chinese goods, as it seeks to appease a White House that is threatening new trade restrictions. Mexican President Claudia Sheinbaum hopes the move will lead to a reprieve of US levies on steel and aluminum, while also boosting her country’s standing ahead of next year’s revision of a trilateral trade agreement with the US and Canada. However, on Monday U…

Mexico set to vote on Sheinbaum’s proposed tariffs on China, fueling hopes for U.S. steel relief

Mexico to Hike China Tariffs, Raising Hopes of US Steel Relief

(Bloomberg) — Mexico’s Congress is set to vote this week on President Claudia Sheinbaum’s proposed tariffs on China, part of a broader plan to shield local producers and ease trade tensions with the US. The move is fueling expectations that it could soon make room for US tariff relief on Mexican steel and aluminum.

Mexican lawmakers to debate China tariffs proposal, may soften blow on steel and auto parts

MEXICO CITY, Dec 8 - Mexican lawmakers are slated to begin debate this week on a bill to raise tariffs on goods from China and other Asian countries, three ruling party lawmakers told Reuters, amid fierce opposition from China and Mexican business groups.  Read more at straitstimes.com.