"Last week, Mexican President Claudia Sheinbaum's economic team outlined the contents of a draft decree that would impose nearly 1,500 new tariff categories of up to 50% on imports, with special emphasis on cars, auto parts, motorcycles, footwear, glass, steel, and cardboard from China Mexico's second-largest supplier of goods and raw materials. As of July 2025, China had sold about $11.58 billion in goods to Mexico."
"The proposal is a cornerstone of next year's revenue budget and reflects the financial priorities of Sheinbaum, who, while seeking to defend regulatory and territorial autonomy, is also inclined to maintain Mexico's healthy relationship with the U.S. a relationship forged through at least three decades of free trade negotiations. At the same time, the government is trying to respond to steadily declining domestic manufacturing figures."
Mexico will preserve economic alignment with U.S. interests while implementing protectionist measures to support domestic industry. Negotiations to host a BYD electric vehicle plant raised prospects of closer China ties, but a draft decree proposes nearly 1,500 new tariff categories of up to 50% on imports—targeting cars, auto parts, motorcycles, footwear, glass, steel, and cardboard—primarily from China. China exported about $11.58 billion to Mexico as of July 2025, second only to the United States. The measure forms part of the next year's revenue budget, responds to falling domestic manufacturing, and factors into upcoming USMCA renewal talks.
Read at english.elpais.com
Unable to calculate read time
Collection
[
|
...
]