US EditionMexico to raise tariffs on cars from China to 50% in major overhaul
The proposal targets imports worth $52 billion and aims to protect 325,000 jobs in strategic sectors by raising tariffs to the WTO maximum of 50%.
- President Claudia Sheinbaum announced new tariffs on imports from Asia to counter the effects of U.S. tariffs on Mexican products, particularly in the automotive sector.
- The new tariffs will apply a higher rate to products like vehicles, electronics, and toys from countries without free trade agreements with Mexico, primarily affecting imports from China.
- Mexico aims to strengthen its position in trade negotiations with the U.S. through these tariffs, which it says are aligned with international trade guidelines.
137 Articles
137 Articles
The Mexican government has announced its intention to raise its entry taxes to 50% for 1,400 products – including automobiles – imported in particular from China, India and South Korea. Beijing, which sees this as a pro-American move, threatened to replicate.
Mexico raises tariffs on Chinese cars to 50 percent - the move may serve mainly to appease Trump, China protests.Mexico announced on Wednesday that it would raise tariffs on car imports from China and other Asian countries from 20 to 50 percent, the maximum allowed level, the Guardian reports.The decision is explained by the protection of industrial jobs, but it may also be about appeasing Donald Trump, who is putting strong pressure on Mexico n…
The increase in tariffs on Asian cars announced this Wednesday by Claudia Sheinbaum’s government has not been good for its Chinese counterpart, who this Thursday has rejected the measure and has assured that it will “definitely protect” the country’s “rights and interests,” in the words of the Foreign Ministry’s spokesman, Lin Jian. The initiative of the Mexican president, who is still awaiting legislative approval to enter into force, includes …
Mexico to Raise Tariffs on Cars From China to 50 Percent in Major Overhaul
MEXICO CITY—Mexico said on Wednesday it will raise tariffs on automobiles from China and other Asian countries to 50 percent, in a broad overhaul of import levies the government said would protect jobs and analysts said was aimed at placating the United States. The Economy Ministry said the moves, which will increase tariffs to varying degrees on goods across multiple sectors including textiles, steel, and automotive, would impact $52 billion of…
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