The Mexican government plans to raise import tariffs on Chinese products next month, as part of its 2026 budget proposal. The higher tariffs are expected to target cars, textiles, and plastics and aim to protect domestic manufacturers from subsidized Chinese competition, according to Bloomberg sources.
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Other Asian countries are also likely to face increased tariffs. The exact rates have not yet been announced, and the plan could still change. President Claudia Sheinbaum's budget proposal is expected to be submitted to Congress on September 8. In addition to protecting Mexican businesses from cheap imports, the tariff hike also addresses a request from U.S. President Donald Trump.
Source: Telegraaf
