Tariffs and Trade Policy

Mexico’s Congress passed legislation Wednesday authorizing tariffs of up to 50% on imports from countries without trade agreements, notably China, with the Senate voting 76–5 (35 abstentions) after lower-house approval earlier in the day. President Claudia Sheinbaum, who proposed the move in September, is expected to sign it for January implementation, impacting goods such as auto parts, textiles, plastics, and metals as Mexico seeks to bolster domestic manufacturing and curb its trade deficit with China.