Mexico approves tariff hikes on Asian imports for 2026

AWANI

Mexico has approved tariffs of up to 50% on imports from China and other Asian nations to protect local industries, a move also seen as responding to U.S. pressure.

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00:00Mexico has approved tariff hikes of up to 50% on imports from China and several other Asian countries.

00:07A move officials say is aimed at protecting local industries.

00:11The measure, set to take effect next year, has already drawn criticisms from business groups and a warning from Beijing.

00:20Mexico will raise tariffs on around 1,400 products, including cars, textiles, plastics and steel,

00:27targeting countries without trade agreements with Mexico, such as China, India, South Korea, Thailand and Indonesia.

00:35Move's duties will be around 35%, with some up to 50%.

00:39The Senate approved the bill with 76 votes after an earlier, tougher version stalled.

00:45The government estimates the measure could bring nearly $3.8 billion to state coffers.

00:50China's Commerce Ministry warned the move could harm trade and called it protectionist.

00:55Economists, meanwhile, said the move aims to appease Washington ahead of the next United States-Mexico-Canada trade deal review.

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