Mexico raises tariffs on Chinese goods

 Mexico's Senate approved new tariffs of up to 50% on Chinese goods and imports from other Asian nations that haven't struck a trade deal with Mexico, following earlier approval by the lower house.

Most categories of goods will face a tariff rate of 20% to 35%, with the move targeting auto, textile, plastic, clothing and other imports from countries like South Korea and India.

The tariffs, aimed at boosting Mexico's domestic market, are due to take effect from 2026.

https://breakingthenews.net/Article/Mexico-raises-tariffs-on-Chinese-goods/65333637