MEXICO CITY (Reuters) -- Mexico said on Wednesday it will raise tariffs on automobiles from China and other Asian countries to 50%, in a broad overhaul of import levies the government said would protect jobs and analysts said was aimed at placating the United States.
Trade war
Mexico to raise tariffs on cars from China to 50% in major overhaul
Move comes as US pushes Latin American neighbors to limit Chinese economic ties
A BYD dealership in Mexico City in March. The country is poised to raise import tariffs on Chinese vehicles. © Reuters
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