Mexico Imposes 50% Tariff on Asian Cars, China Threatens Retaliation

Mexico has escalated trade tensions by proposing a 50% tariff on Asian automotive imports, a move that could affect $52 billion worth of goods. The decision, announced by Mexico's Secretary of Economy Marcelo Ebrard, is part of a broader federal budget package and awaits Congressional approval. If enacted, the tariffs WOULD take effect within 30 days.

China swiftly condemned the measure, urging Mexico to 'think twice before acting' in a statement from its Ministry of Commerce. Beijing warned of 'necessary measures' to protect its interests, while criticizing U.S. tariff policies as coercive and damaging to third-party economies. The dispute highlights growing friction in global trade relations, with China framing the conflict as part of a broader pattern of U.S. economic pressure.