Mexico set to raise tariffs on imports from China - Bloomberg

Mexico's government is set to raise tariffs on Chinese imports, including cars, textiles, and plastics, as part of its 2026 budget proposal next month, Bloomberg News noted, citing three people briefed on the matter, Report informs.

The tariff increases may also target other Asian countries, the update said, citing one of the sources.

The tariff hikes, expected for imports including cars, textiles and plastics, aim to shelter domestic manufacturers from subsidized Chinese competition, according to three people briefed on the matter, who asked not to be identified revealing details of the plans. Other Asian countries are also expected to face higher tariffs, one of the people said.