Mexico weighs new tariffs on Chinese imports, stepping up decoupling

MEXICO CITY -- The Mexican government is considering new tariffs against Chinese imports, shifting from a balanced diplomatic approach in the wake of the Trump administration's tariff threats.

"We could have fortress North America from the flood of Chinese imports," U.S. Treasury Secretary Scott Bessent said recently, referring to Mexico's proposal to match U.S. tariffs aimed at China and encouraging Canada to follow suit.