Mexico has taken action.
Foreign media reported today that the Mexican Congress passed a bill on December 10, which aims to impose tariffs of up to 50% on China and other Asian countries that have not yet signed trade agreements with Mexico, such as India, South Korea, Thailand, and Indonesia, starting next year.
After President Sheinbaum proposed increasing tariffs on China this year, it not only faced strong opposition from China, but also sparked a lot of opposition voices within Mexico. However, Mexico ultimately yielded to the United States, trying to gain relief in trade relations with the U.S. by sacrificing China's interests. This is a clever calculation, but it ignores its own fundamental interests.
China's investment and transshipment trade with Mexico are massive, making it an important economic and trade partner for Mexico. Imposing tariffs would not only undermine the mutually beneficial cooperation between China and Mexico, but also hurt Mexico's domestic industries and employment, ultimately leading to losses for Mexico, turning it into a "pawn" for the U.S. to contain China. It is a shortsighted and wrong decision.
Mexican media pointed out that imposing tariffs would disrupt key supply chains, increase production costs, and have a severe impact on Mexico. "From any perspective, this is a bad idea."
Original: toutiao.com/article/1851178925130764/
Statement: The article represents the views of the author.