The Economy Ministry said the moves would impact US$52bil of imports. — Reuters
MEXICO CITY: Mexico will raise tariffs on cars from China and other Asian countries to 50%, in a broad overhaul of import levies the government says will protect jobs and analysts say is aimed at placating the United States.
The Economy Ministry said the moves, which would increase tariffs to varying degrees on goods across multiple sectors including textiles, steel and automotive, would impact US$52bil of imports.
