His government Mexican plans to increase their duties in China as part of the budget for 2026 it will submit next month, protecting the country’s businesses from cheap imports and satisfying a long -term demand by US President Donald Trump.
Increases of duties expected to impose Mexico relate to imports such as cars, textile products and plasticsThey aim to protect domestic manufacturers from China’s subsidized competition, according to sources cited by Bloomberg.
Other Asian countries are also expected to face higher duties. These tariff rates were not immediately clear and the plan may change, sources say. The proposal for revenue from President Claudia Seinbaum’s government is expected to be sent to Congress until September 8.
While the budget plan will require the approval of the legislative body, the Seinbaum party and its allies hold a two -thirds majority in both seats, limiting possible changes by legislators. The president’s office and the Ministry of Economy did not immediately comment. The Treasury did not respond immediately to a request for comment.
Since the beginning of the year, the Trump government has urged Mexican officials to increase tariffs on Chinese imports, as America has done. The Mexican officials then proposed the idea of a “North America Fortress”, which would limit missions from China, while reinforcing trade and industrial ties between the US, Mexico and Canada. US Finance Minister Scott Bessed has expressed in
The countries are also preparing to revise the free trade agreement between them, which has been negotiated during Trump’s first term, until the middle of next year.
“China’s exports to Latin America have increased quite a bit this year, helping to compensate for the decline in the US market. In addition to keeping Americans happy, Mexico must also protect its own industrial base, “said Ning Sun, a senior emerging market analyst at State Street Global Markets in Boston. “I expected that Mexico would align its economic and foreign policy with the US.”
US pressure to Mexico, the country’s largest commercial partner, to halt the flow of cheap Chinese products to the country, is partly due to Trump’s category that the products are entering the country and then heading north to the US. Trump gave Mexico suspended by the imposition of higher duties last month, after a telephone conversation with Sinbaum, in order to give more time for trade negotiations.
Mexico and the US are also approaching an agreement to combat drug trafficking and violence. Trump mentioned Fentanyl trade as a reason why Mexico pays a 25% tax on products that do not fall under the two countries’ free trade agreement. Addressing this issue in the new security agreement will make it easier for negotiators to find common ground in other areas of conflict, such as tomatoes and steel.