Chief trade negotiator Li Chenggang met Mexico’s Deputy Economy Minister Vidal Llerenas in Beijing in the first face-to-face talks since Mexico imposed higher tariffs on Chinese imports.
The two countries on Monday conducted in-depth exchanges on bilateral economic and trade relations and other issues, the Chinese Commerce Ministry said in a statement yesterday.
Mexico announced in December steep tariff increases on China and other countries without free trade agreements with Mexico – most up to 35%. The move was widely interpreted by analysts as an attempt to placate US President Donald Trump, who levied significant tariffs on Chinese goods.
Mexico’s duties apply to thousands of goods including automobiles, auto parts, textiles, clothing, plastics and steel.
Mexican President Claudia Sheinbaum said the tariffs are intended to increase domestic production and address trade imbalances.
The tariffs are expected to have the biggest impact on China, which is Mexico’s second-largest trading partner after the United States.
China’s Commerce Ministry had warned Mexico to “think twice” before levying tariffs and said it would act in response to safeguard its legitimate rights and interests, but it has so far not announced countermeasures.
Separately, China’s top automaker BYD said in 2024 that it was considering setting up a factory in Mexico, although it was reported in March that China was delaying approval for the plant over concerns of technology leakage to the United States.
The China-Mexico talks come as the United States, Mexico and Canada prepare to jointly review their free trade deal by July 1.
The US’ top trade negotiator has said the pact is not equipped to deal with surges of exports and investment from non-market economies such as China into the region, suggesting the United States may press for tighter rules on China-origin goods in a new agreement.
That would make it harder for Chinese firms to use Mexico as a base for exporting to the United States. — Reuters
