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Why Mexico’s big tariff hike on Chinese cars won’t cripple their competitiveness

Chinese carmakers will likely feel the sting of Mexico’s anticipated 50 per cent tariff on cars imported from Asia, but their competitive prices and global operations may offset some of the pain, according to analysts. The proposed tariff hike, more than doubling the current level of 20 per cent, was included in a draft bill on raising levies on roughly 1,400 products – from textiles to steel – from countries with which Mexico does not have a trade deal. The bill was submitted to the Congress of...


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