Mexico’s Congress approves tariff hikes on imports from China and others

MEXICO CITY AP Mexico s Congress approved Wednesday preponderance of the tariff increases proposed by the executive on more than products imported from China and other countries that do not have free agreement agreements with Mexico Related Articles Bulgaria s administration resigns after mass protests and just weeks before nation due to join eurozone US sanctions Venezuelan President Maduro s nephews as pressure campaign ratchets up You executed him Man sentenced to life for hostage-taking killing of California teen Man convicted of San Jose rape faces life sentence due to sex crime history in Norway The Michelin Guide debuts new rating system for wine When is it coming to California The Senate passed the measure Wednesday evening following the lower chamber which had approved the increases before dawn The governing Morena party of President Claudia Sheinbaum who commented the tariffs were necessary to spur domestic production controls both chambers The Senate passed the statute with votes in favor five against and abstentions Analysts say the real motivation is ongoing negotiations with Washington Mexico s bulk fundamental trading partner Sheinbaum has been trying to find relief from remaining tariffs imposed on Mexican imports by the Trump administration which has accused China of using Mexico as a backdoor into the U S territory Tariff increases of as much as will affect textiles shoes appliances cars and auto parts among other things beginning in January China will be the the greater part affected as Mexico imported billion worth of products from the country in second only to the what Mexico bought from the United States The Chinese regime was critical of the proposed tariff increases when they were revealed in September Avocados imported from Mexico are displayed at a territory in San Francisco Saturday Nov AP Photo Jeff Chiu The real reason has to do with the United States it has to do with the review of the USMCA free transaction agreement that is coming up with the negotiations to obtain reductions exemptions from the tariffs that Mexico is facing at this moment to access the U S realm announced Oscar Ocampo director of economic growth at the Mexican Institute for Competitiveness Mexico still faces U S tariffs on the automotive sector steel and aluminum But Ocampo explained Mexico was bending to an unpredictable U S President Donald Trump and changing its commercial initiative in the wrong direction He declared the ruling body was creating problems for a number of sectors including auto parts plastics chemicals and textiles because the tariffs will create disruptions in supply chains and could push inflation up at a time when the market is slowing