Mexico Targets 50% Tariffs on Chinese Cars, Steel

Trade Policy & Geopolitics - Mexico plans to impose a 50% tariff on Chinese-made vehicles, especially electric vehicles [1] - This action is partly to align with the USMCA renegotiation and avoid being perceived as enabling unfair competition against American vehicles [2] - The tariffs aim to address the influx of Chinese EVs into Mexico, which are restricted in other markets like the US, Canada, and the EU [2] Automotive Industry - Chinese EV manufacturers like BYD have been using Mexico as a significant market due to trade barriers elsewhere [2] - The USMCA region's automotive supply chains extend across Canada, the US, and Mexico [2]