Mexico announced intentions to impose up to 50% tariffs on over 1,400 Asian goods, prompting China to launch a trade barrier probe against the Latin American nation. With producers facing tariffs on US exports and competition from low-cost Chinese goods in Mexico, Mexico claimed that these penalties were intended to protect its own companies.
Mexico’s tariffs will hurt the interests of impacted nations and erode investor trust in the Latin American country, according to a statement released by China’s Commerce Ministry on Thursday. According to the statement, “China believes that all countries should jointly oppose all forms of unilateralism and protectionism and must not sacrifice the interests of third parties because of coercion, given the current US abuse of tariffs.
Additionally, the Commerce Ministry declared Thursday that it was initiating an anti-dumping probe into U.S. and Mexican pecan imports. The Trump administration has put pressure on Mexico to restrict imports from China, some of which the US claims utilize Mexico as a backdoor to the US market. But according to Mexican President Claudia Sheinbaum, US pressure did not lead to the levies.
In 2024, Mexico imported over $115 billion (€98 billion) worth of goods from China, which is second only to what Mexico purchased from the US. As a result, tariffs may have an effect on the Chinese economy.
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