Mexico plans to impose a 50% tariff on goods from several Asian countries to protect domestic employment.

Foreign media: Mexican Economy Minister Marcelo Ebrard defended the decision to impose a 50% tariff on imported goods from China and other Asian countries, stating that the move is aimed at protecting 350,000 local jobs, not provoking any trade partners.

This tariff plan was approved by the Mexican Congress last week and will take effect on January 1, 2026, imposing tariffs ranging from 5% to 50% on 1,463 products from 13 countries without a free trade agreement with Mexico, including China, India, South Korea, Indonesia, Brazil, and Turkey.

The affected products cover 17 industries, including textiles, footwear, steel, aluminum, plastics, automobiles, and home appliances. Officials stated that this measure helps stabilize domestic industries and respond to the impact of cheap Asian goods.

Data shows that in 2024, Mexico imported about $227 billion from major Asian trading partners, while exports were only about $22 billion, showing a significant trade imbalance.

Original article: toutiao.com/article/1851677784077312/

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