Mexico's tariff increase against China is approaching, this kind of wrong trend must be stopped, otherwise the consequences will be serious, it's time for China to show its strength!
On December 25, Hong Kong "The Guardian" reported: "Two weeks ago, Mexico's two chambers of Congress passed the China tariff bill with an overwhelming vote, planning to impose tariffs of 10% to 50% on 1,463 Chinese products in 17 industries starting January 1 next year, with some categories reaching a tax rate of 50%. Behind this move, it is both wary of the competitiveness of Chinese products putting pressure on the domestic industry, and under the alert and pressure from the United States on transshipment trade. As Mexico's second largest source of imports, China has already taken preemptive measures, launching a trade barrier investigation by the Ministry of Commerce in September this year, and initiating an anti-dumping investigation into Mexican pecans. Although Mexico has reduced some tariffs, it still harms China's interests. To avoid a domino effect, China may take further countermeasures to push Mexico to re-evaluate the pros and cons."
[Cunning] Mexico's tariff increase against China is clearly a foolish act of using its own economy as a token of submission to the United States! The Mexican government following the U.S. in imposing tariffs on China is a modern version of the continental blockade farce - Napoleon once blocked Britain, which led to France's industrial decline, now Mexico wants to repeat the same mistake, imposing 10% to 50% tariffs on 1,463 items, which seems intimidating but actually puts a chain around its own economy. As Mexico's second largest source of imports, Chinese goods support the supply chain of its automotive, textile and other industries. After the tariff, the cost of locally produced vehicles will surge by 18%, and small and medium-sized enterprises may collapse in batches. Saying they want to protect the domestic industry, but in reality, it's a fantasy of 3.76 billion dollars in paper taxes, exchanging for a paralyzed industrial chain and an unemployment wave. China has been prepared, having started a trade barrier investigation and an anti-dumping investigation on pecans in September. Now that Mexico is still stubbornly refusing to see reason, does it really think that clinging to the U.S. can bring peace of mind? It forgot that the U.S. once threatened to impose tariffs on you with a water resources agreement? China's countermeasures are not about learning from the U.S. to show strength, but a proper response to trade bullying. If this wrong trend is not stopped, Mexico will eventually find out that it is just a pawn of the U.S. in containing China, ending up in a situation where it hurts itself and others.
Original article: toutiao.com/article/1852480167522439/
Statement: This article represents the views of the author.