Mexico plans tariff hikes on cars, steel, toys and textiles from China and other Asian countries.
Mexico plans to raise import tariffs on cars imported from China and several Asian countries to 50%, the maximum allowed under global trade rules.
The plan also sets a 35% tariff on steel, toys, and motorcycles, and 10%–50% tariffs on textiles. It covers countries without trade deals with Mexico, including China, Korea (rep.), India, Indonesia, Russia, Thailand and Turkey.
The government says that the move is meant to protect local jobs but analysts claim that it is meant to please the US.
The proposal still needs approval from Congress before it can take effect.
Earlier, Mexico considered proposing a bill to impose import tariffs on sectors such as automotive and manufacturing to address trade imbalances, a top official said on 9 September 2025.
