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Mexico Approves 50% Tariffs on Many Chinese Imports

Mexico’s Congress authorized up to 50 percent tariffs on Chinese imports on Wednesday, a move seen as an effort to align Mexico with the United States amid pressure from Washington. On Wednesday morning, Mexico’s lower chamber of Congress approved the tariffs, which apply to China and other countries with which it does not have a trade deal. Mexico’s Senate then passed the bill in an expedited vote on Wednesday night. Seventy-six senators voted in favor versus only five against, while 35 abstained. President Claudia Sheinbaum, who proposed the tariffs in September, is widely expected to approve the legislation, which would then take effect in January. The tariffs would affect a wide variety of goods, including automotive parts, textiles, furniture, plastics, steel and aluminum.

Full report : Mexico approves up to 50% tariffs on China and other countries drawing fire from China.

Tagged: China Mexico