China slams Mexico over car tariff hike

AWANI

Mexico raises tariffs on Chinese cars up to 50%. Beijing warns the move damages business confidence. Mexico says it’s about protecting local jobs and industries.

Transcript

00:00China is hitting back at Mexico's decision to raise tariffs on Asian-made cars,

00:06calling it a blow to investor confidence and a threat to Mexico's business climate.

00:11Beijing's Commerce Ministry says it doesn't want relations to suffer,

00:15but warned it will take necessary measures to defend its interests.

00:20The new tariffs announced this week lift duties on Chinese cars to as much as 50%,

00:25the maximum allowed under global trade rules.

00:28President Claudia Sheinbaum says Mexico is not looking for a fight.

00:33In fact, she calls the move strategic, designed to boost local production and support the economy.

00:39But analysts say there's more to it, pointing to US pressure on Latin American governments

00:44to scale back economic ties with Beijing.

00:47Still, Mexico's Automotive Association is backing the high tariffs,

00:51saying they level the playing field and protect jobs.

00:54China is Mexico's biggest supplier of imported vehicles.

00:58China is Mexico's biggest threat.

00:59China is Mexico's biggest threat.

01:00China is Mexico's biggest threat.

01:01China is Mexico's biggest threat.

01:02China is Mexico's biggest threat.

01:03China is Mexico's biggest threat.

01:04China is Mexico's biggest threat.

01:05China is Mexico's biggest threat.

01:06China is Mexico's biggest threat.

01:07China is Mexico's biggest threat.

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01:09China is Mexico's biggest threat.

01:10China is Mexico's biggest threat.

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01:12China is Mexico's biggest threat.

01:13China is Mexico's biggest threat.

01:14China is Mexico's biggest threat.

01:15China is Mexico's biggest threat.

01:16China is Mexico's biggest threat.

01:17China is Mexico's biggest threat.

01:18China is Mexico's biggest threat.

01:19China is Mexico's biggest threat.

01:20China is Mexico's biggest threat.

01:21China is Mexico's biggest threat.

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