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Facing Trump pressure, Mexico to raise tariffs on cars from China to 50%

Mexico said on Wednesday it will raise tariffs on cars from China and other Asian countries to 50 per cent, 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 vehicles, would affect US$52 billion of imports. “They already have tariffs,” Economy Minister Marcelo Ebrard...


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