MEXICO CITY, Dec. 10 -- Mexican lawmakers yesterdaybacked a measure to raise tariffs on goods from China and other countries that do not have trade agreements with Mexico, despite strong pushback from Beijing.
The move, spearheaded by President Claudia Sheinbaum and approved by the Senate 76-5 pwt night, increases tariffs on imports of automobiles, textiles, clothing, plastics, appliances and other products, primarily affecting Chinese goods.
Changing tariffs will also affect South Korea, India, Indonesia, Russia, Thailand, Turkey, Taiwan and Brazil.
Sheinbaum must now advance the new tariffs to take effect January 1, 2026.
A total of 1,463 tariff lines will be modified.
The proposed tariff rates had been lowered from an initial sugg...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.