Mexico Targets Asian Cars with 50% Tariffs

Mexico Targets Asian Cars with 50% Tariffs
On 10 September, Mexico announced it will raise tariffs on automobiles from China and several Asian nations to as much as 50%, while also implementing a broader overhaul of import levies on other goods. The measure, aimed at protecting domestic jobs and industries, is seen as a response to US pressure to curb Chinese goods entering the US via Mexico. The tariffs will impact countries without trade deals with Mexico, especially China, South Korea, India, Indonesia, Russia, Thailand, and Turkey, and could raise consumer prices, disrupt imports, and reshape trade flows in North America.

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