Mexican lawmakers on Dec. 10 gave the green light to tariffs of up to 50 percent on imports from China and other Asian nations without a trade deal with the country, taking a significant step to protect domestic industries and jobs.
The proposal to reform the General Import and Export Tariffs Law was passed in the Mexican senate on a vote of 76–5, with 35 abstentions, after its earlier passage in the lower house, where it received 281 votes in favor, 24 against, and 149 abstentions.
Under the new measures, tariffs will be imposed or raised—mostly up to 35 percent, but as high as 50 percent—on more than 1,400 products spanning a wide range of sectors, including textiles, steel, iron, automotive parts, and plastics….
Mexico Approves Tariffs of up to 50 Percent on China, Others
