Summary
Mexico's government has approved new tariffs of up to 50% on imports from several countries, including China. The tariffs aim to boost local production and will start on January 1, 2026. Meanwhile, Mexico is negotiating with the U.S. over possible new trade taxes that President Trump has threatened to impose.
Key Facts
- Mexico's Senate has passed a measure to impose new tariffs on hundreds of products.
- These tariffs will affect goods from countries without a free trade agreement with Mexico, like China, Thailand, India, and Indonesia.
- The new tariffs could be as high as 50% and will start on January 1, 2026.
- The targeted goods include metals, cars, clothing, and appliances.
- President Claudia Sheinbaum says the tariffs aim to increase local production.
- Mexico is in talks with the U.S. to reduce tariffs President Trump has threatened, including on Mexican steel and aluminum.
- Trump threatened further tariffs over issues like fentanyl control and a water-sharing agreement.
- The US is Mexico's largest trading partner, and trade relations are currently under negotiation.
