Mexico is proposing new tariffs on nearly 1,400 goods, as it seeks to boost domestic production.
Many of the new import fees would be on goods from Asian countries.
Mexico is under pressure from the United States to reduce its economic relationship with China. Over the past year, Mexico has made an effort to crack down on counterfeit products from Asia and started to apply initial tariffs on products like textiles.
The tariffs now proposed by Mexico’s government are expected to pass.
Mexico says the tariffs would only affect countries they don’t have an existing trade agreement with, meaning the U.S. won’t face new import fees.
Meanwhile, the Trump administration has levied new tariffs on some Mexican goods and has threatened to expand and increase them.
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The 60-day action plan aims to get the two countries to develop new trade policies for critical minerals, as the United States seeks to reduce its reliance on China. -
The United States has ordered tariffs on countries that continue to ship oil to the island. Mexico has described the shipments as a humanitarian measure. -
The two countries have agreed on a plan that they say will facilitate overdue water deliveries from Mexico to the United States. -
The governor of the Mexican state says Mexico’s president has approved funds for a project in the Sonoran border town. -
On a two-day tour of the state, Mexican President Claudia Sheinbaum inaugurated a highway and announced construction would soon begin on a port project on the Gulf of California.
