What are the Mexico tariffs on China?
Asked 3 hours ago
Answer
Mexico proposes a 50% tariff on Chinese-made automobiles, more than doubling the previous rate. This measure is part of a broader budget proposal targeting mostly Asian imports and is expected to pass in Congress. The move responds to U.S. concerns about Chinese goods entering North America via Mexico and aims to strengthen Mexico's economy.
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Mexico imposes heavy tariff on Chinese cars
Al Jazeera ยท New
Al Jazeera
New
- Mexico proposes a 50% tariff on Chinese-made cars, more than doubling the current rate. 7s
- China's foreign ministry opposes the tariff, citing concerns over protectionism. 23s
- The US is concerned Mexico could be a backdoor for Chinese goods into North America. 51s
- Mexico's move is seen as aligning with US interests ahead of USMCA renegotiations. 1m 5s
- The tariff proposal is likely to pass, as the governing party holds a congressional majority. 2m 40s
