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Mexico plans to hike tariffs, including a 50% tax on Asian car imports, to protect local industries.
Mexico plans to raise import tariffs, including a 50% tax on cars from China and other Asian countries, impacting over $52 billion in imports.
This move aims to protect local industries and jobs, especially in sectors like automotive and textiles.
The tariffs apply to countries without trade deals with Mexico, including China, South Korea, India, and others.
The proposal, influenced by US pressure to restrict Chinese goods, is now subject to approval by Mexico's Congress, where the ruling party holds a majority.
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México planea aumentar los aranceles, incluido un impuesto del 50% sobre las importaciones de automóviles asiáticos, para proteger las industrias locales.