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Mexico to Raise Tariffs on Chinese Goods in 2026 Budget Plan

Aug 28, 2025, 3:38 a.m. ET

AsianFin -- Mexico is preparing to raise tariffs on Chinese imports as part of its 2026 budget proposal, a move aimed at shielding local businesses from cheaper foreign competition and addressing a longstanding demand from the United States, Bloomberg reported Thursday.

The planned hikes would cover a range of goods, including cars, textiles and plastics, according to three people briefed on the matter who requested anonymity because the discussions are not public. The report noted that Bloomberg did not identify the individuals.

The measures are designed to protect domestic manufacturers from what Mexico views as subsidized Chinese products. The targeted sectors are ones where China has a strong competitive edge in global supply chains. One of the sources added that other Asian countries are also likely to be affected by higher tariffs.

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