Mexico plans 50% tariff on Chinese cars before US, Canada talks
General Motors, Ford Motor and Stellantis, which owns the Chrysler, Jeep and Ram brands, ship their own China-made cars to the country and other parts of Latin America
Mexico plans to impose tariffs of as much as 50 per cent on cars and other products made by China and several Asian exporters, aligning the country more closely with US protectionism as President Claudia Sheinbaum prepares for talks over North America’s free-trade deal.
Higher tariffs would apply to a list of more than 1,400 categories of products coming from countries with which Mexico has no trade agreement, Economy Minister Marcelo Ebrard said on Wednesday (Sep 10), describing them as part of efforts to protect Mexican industry. China, South Korea and India are among the exporters that would be hit under the proposed levies, which must be approved by Congress.
The import taxes would also affect items such as auto parts, steel, toys and furniture, with rates of 10 per cent to 50 per cent depending on the category.
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