Mexico plans to place a 50% tariff on cars from China and other Asian countries, taking a leaf out of US President Trump’s trade playbook.
The measure was proposed to congress as part of a wider draft bill, Economy Minister Marcelo Ebrard said on Wednesday. The bill seeks to place higher tariffs on more than 1,400 categories of products coming from countries with which Mexico has no trade agreement, thereby impacting $52 billion (€44bn) of imports.
