Mexican House passes tariff on Chinese goods
AFP, Mexico City, 10th. The Mexican Congress' House of Representatives passed a measure today despite strong backlash from Beijing, which will impose tariffs on goods from China and other Asian countries that have not signed trade agreements with Mexico. The bill will now be sent to the Senate for review.
This bill, led by President Claudia Sheinbaum, will increase tariffs on imported cars, textiles, clothing, plastics, home appliances, and other products, with Chinese goods being the first to be affected.
The proposed tariff rates have been reduced from the initial suggestion of 50%, with most items facing 20% or 35% tariffs, while high tariffs of 50% will be relatively rare.
The Sheinbaum government hopes to strengthen the domestic market and reduce reliance on imported goods, but those opposing the tariff plan warn that the tax increase could lead to higher domestic prices.
President Trump of the United States launched a trade war against China. Some analysts say that Mexico's policy is a response to pressure from Trump.
The spokesperson for the Ministry of Commerce of China stated that China believes that in the current context of the U.S. arbitrarily imposing tariffs, all countries should jointly oppose various forms of unilateralism and protectionism, and must not sacrifice the interests of third parties due to others' coercion. Chinese officials have also warned Mexico to "think carefully before proceeding."
The Mexican House passed the proposal today with 281 votes in favor and 24 against, with 149 members not participating in the vote, arguing that further discussion is needed. The measure will now be sent to the Senate for review.
In addition to China, South Korea, India, Indonesia, Russia, Thailand, Turkey, and other countries will also be affected by this legislation.
Original: toutiao.com/article/1851167952463883/
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