China urges Mexico “think twice” on tariffs, prevents counterman

China’s Beijing Minister has warned Mexico about countermeasures when the country plans to go to the car tariffs made by Asia up to 50%.

We “hope Mexico will be extremely careful and Think twice before acting“,” the ministry said at the end of Thursday, translated by CNBC.

“China and Mexico are mutually important trading partners,” the ministry said. “We are not ready to see how economic cooperation of both parties suffered from this situation.”

Mexico’s economics secretary Marseille Ebard told reporters on Wednesday that the country planned to raise tariffs for vehicles coming from Asia, especially in China, especially in China, up to 50% from current 20%. Increased duties still need approval in Congress and tariff came into force in 30 dayshe said.

“China will take the necessary measures … to strongly protect its legal rights and interests,” China said.

In constant trading tensions with the United States, China’s opposition included restrictions on the export of minerals important for the production of cars and other advanced technologies. Chinese companies came to dominate the supply chain for many of these minerals.

Sitting on the southern border of the United States, Mexico benefits the US-Mexico Cape agreement (USMCA) for trade without tariffs among the countries. But the USMCA that came into force in 2020, requires much much of the vehicle that can be made in the region than the North American Free Trade Agreement he replaced.

The car industry of Mexico the largest employer of the countryJorge Guojard, Washington, a partner based in DC Dentons Global Advisors, previously reported CNBC. He is a former Mexico ambassador to China.

From June 2022 to July 2024, More than 20 Chinese auto parts And manufacturers have announced more than $ 7 billion in Mexico investment, according to a coalition for progressive America, a propaganda group.

It is unclear how many projects were completed. Chinese electric car Bake In particular, the long -awaited factory in Mexico has not yet been built.

The Central American Country was Chinese The best place for export of carsAccording to China’s Association of Car earlier this year.

“What is very important in Chinese cars is something where they occupy the market share, many times, it’s not actually from Western brands. It’s really from other Asian brands. “Chinese Communication” Earlier this week, ahead of Mexico’s latest tariff statement.

But even with a 25% increase in duties at the time, HSIO said he expects “I believe that many of these Chinese cars remain untouched, even with some of these tariffs.”