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Mexico's Senate approves tariff hikes on Chinese, other Asian imports
Mexico's tariffs on over 1,400 imports aim to protect local jobs and raise nearly 52 billion pesos in 2026, aligning with U.S. trade policy amid ongoing negotiations.
- The Senate voted to enact the tariff package on Dec 10, with 76 in favor, 5 against, and 35 abstentions, set to take effect on 1 January 2026.
- Submitted in September by President Claudia Sheinbaum, the tariff bill was softened in committee and the government says it aims to spur domestic production and align with U.S. trade priorities, Mexican diplomat Horacio Saavedra said.
- On the details, the bill modifies 1,463 tariff categories across various sectors including autos, textiles, plastics, electronics, affecting around 52 billion dollars of annual imports.
- The Finance Ministry projects the tariffs will raise nearly $3.7 billion next year, but manufacturers and business groups warn consumers in Mexico face higher prices for cars, electronics and clothing.
- China's Ministry of Commerce responded on Thursday, warning the tariffs would `substantially undermine` trade, while observers say the move aligns with U.S. priorities ahead of the 2026 USMCA review and tests nearshoring given Mexico's auto sector.
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50: Mexico’s President Claudia Sheinbaum is taking a page out of US President Donald Trump’s book, implementing up to a 50% tariff on more than 1,400 products in a bid to boost domestic production. The tariffs are expected to heavily affect China, which has increased its shipping to Mexico as a way to bypass US tariffs, and come as the US has been pressuring it trade partners to distance themselves from China.34: Myanmar’s military struck a hosp…
Mexico Slaps 50% Tariffs On India. $1 Billion Exports In Crosshairs
Four months after the US imposed 50 per cent tariffs on India for most goods, Mexico has approved levies of up to 50 per cent on the import of select products from Asian countries, including from India and China.
·New Delhi, India
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Total News Sources137
Leaning Left14Leaning Right22Center32Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 21%
C 47%
R 32%
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