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Economics

Mexico’s President Denies Tariff Proposal Specifically Targets China

Mexican President Claudia Sheinbaum on Saturday rejected claims that her government’s proposal to raise import tariffs on cars to as high as 50% was a coercive measure aimed at China.

Her remarks followed Beijing’s statement Thursday that it “strongly opposes any coercion”, after Mexico announced plans to consider a sharp tariff hike on Chinese-made cars under pressure from the United States, according to AFP.

Mexico’s Economy Ministry has proposed raising tariffs from the current 15–20% range to 50%, a measure included in a draft bill submitted to parliament on Wednesday.

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