Foreign media: The Mexican Senate has approved a new tariff plan, which will impose tariffs of up to 50% on more than 1,400 products starting from January 1, 2026. These goods include metals, automobiles, clothing, and home appliances, mainly from China, as well as countries such as Thailand, India, and Indonesia that do not have a free trade agreement with Mexico.
Mexican President Sheinbaum stated that this move is aimed at supporting the country's industries. China criticized these measures as "seriously harming the interests of trade partners including China" and urged Mexico to "correct its decision."
Mexico is also currently negotiating with the United States to try to reduce the high tariffs threatened by the Trump administration, including a 50% tax on steel and aluminum from Mexico, and potential additional tariffs (such as 5%) related to fentanyl and water disputes. The U.S. is concerned that Chinese companies are using Mexico to bypass U.S. product tariffs, while Chinese car manufacturers such as BYD and MG are accelerating their market expansion in Mexico.
Original article: toutiao.com/article/1851190181977216/
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