Mexico Eyes New Tariffs on Chinese Goods Amid USMCA Extension Push

Mexico is exploring additional trade restrictions on selected products from China and other nations, potentially raising import duties. The move would bolster alignment with Washington while President Claudia Sheinbaum negotiates a multi-year extension of the USMCA pact with President Donald Trump. Steel and vehicles are among products under review, according to a source. The economy and finance ministries are assessing which goods, not covered by bilateral trade deals, could face new or higher tariffs. The economy ministry noted that no concrete plan exists yet, but ongoing business consultations mirror those preceding an earlier tariff package on Asian imports. Investigations into alleged dumping below production costs will continue on a case-by-case basis.