China warns Mexico to ‘think twice’ before raising tariffs, threatens countermeasures
Published Thu, Sep 11 20259:36 PM EDT
Evelyn Cheng CNBC
Key Points
- Mexico plans to raise tariffs on vehicles coming from Asia, particularly China, to 50%.
- We “hope Mexico will be extremely cautious, and think twice before acting,” China’s Ministry of Commerce said in a statement late Thursday, translated by CNBC.
- Mexico’s auto industry is the country’s largest employer, Jorge Guajardo, Washington, D.C.-based partner at Dentons Global Advisors, previously told CNBC. He is a former ambassador of Mexico to China.
cnbc.com |
