Mexico Raises Tariffs on Chinese Cars to 50%

Mexico plans to increase tariffs on Chinese vehicles to 50%, up from 15–20% today. Two out of ten cars sold in Mexico currently originate from China. The move follows U.S. pressure to prevent Mexico from becoming a back door for Chinese imports.
The measure aims to protect 325,000 domestic auto jobs and stimulate local manufacturing. Tariff hikes will also extend to sectors such as textiles, with rates reaching 50%. South Korea, India, Indonesia, Russia, Thailand, and Turkey may also face new barriers.