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Mexico Reportedly Plans to Raise Tariffs on CN, Targeting Cars & Textiles
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The Mexican government plans to increase tariffs on China in its 2026 budget proposal next month to protect local businesses from the impact of cheap imported goods and to meet long-standing demands from US President Donald Trump. The tariff increase is expected to target automobiles, textiles, and plastics, Bloomberg, citing people familiar with the matter, reported. Other Asian countries are also expected to face higher tariffs, but the specific tariff rates are currently unclear, with the tariff adjustment plan subject to changes. AASTOCKS Financial News Website: www.aastocks.com |
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