Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
Business

Under US Pressure, Mexico Mulling 50% Tariff On Chinese Cars

Several auto giants, including Japan's Toyota, have factories in Mexico (Credit: AFP)

Mexico, under pressure not to serve as a back door for Chinese goods entering the United States, has proposed a 50-percent duty on car imports from the Asian giant -- up from 15-20 percent.

The initiative, contained in a bill submitted by the government to Congress, seeks to assuage US President Donald Trump -- who has repeatedly urged trading partners to increase duties on China -- while also bolstering Mexico's industrial sector.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.