Chinese made cars for export are seen at a port in Shanghai on April 17, 2025. China Out via Getty Images
MEXICO CITY—Mexico said on Wednesday it will raise tariffs on automobiles from China and other Asian countries to 50 percent, in a broad overhaul of import levies the government said would protect jobs and analysts said was aimed at placating the United States.
The Economy Ministry said the moves, which will increase tariffs to varying degrees on goods across multiple sectors including textiles, steel, and automotive, would impact $52 billion of imports.
