Mexico's Tariff Plan: Boosting Local Production or Appeasing US?
Update: 2025-12-10
Description
Mexicos lower house approves tariffs on Asian imports to boost local production, address trade imbalances, and appease the US before TMEC review. The tariffs, mostly around 35%, would apply to items like cars, textiles, and steel from nations without a free trade agreement with Mexico. The proposal still needs approval from the upper house and faces concerns about disrupting supply chains and impacting trade partners like India.
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