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flag Mexico plans to hike tariffs, including a 50% tax on Asian car imports, to protect local industries.

flag Mexico plans to raise import tariffs, including a 50% tax on cars from China and other Asian countries, impacting over $52 billion in imports. flag This move aims to protect local industries and jobs, especially in sectors like automotive and textiles. flag The tariffs apply to countries without trade deals with Mexico, including China, South Korea, India, and others. flag 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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