Mexico’s Congress passed a round of tariffs on certain goods from China and other Asian countries.
The tariffs would levy fees of up to 50% on certain goods from Asia, including cars and auto parts as well as textiles, plastics and steel.
The plan comes as Mexico faces pressure from the United States to reduce its economic relationship with China. Mexico could enter intense negotiations with the United States and Canada over the free trade agreement that binds the three countries, if the Trump administration decides to go ahead with a renegotiation of that treaty next summer.
Mexican President Claudia Sheinbaum proposed the new tariffs on China and some other Asian countries in September, and is widely expected to sign the plan into law.
China’s commerce ministry launched an investigation into the tariff proposal after the September announcement. A spokesperson said that the tariffs would “harm the interests of relevant trading partners, including China, significantly undermine the certainty of Mexico’s business environment, and erode business confidence in investing in Mexico.”
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