Mexican import taxes on more than 1,400 products from China and other Asian countries will be as high as 50%, as the country tries to shore up domestic production and pass on some of the Trump administration’s tariff pain.
President Claudia Sheinbaum said the tariffs revealed a day earlier in her administration’s budget proposal are intended to counter the effects of U.S. tariffs on some products from Mexico, particularly in the automotive sector, which accounts for 23% of Mexico’s manufacturing.
