The announcement comes as Mexico appears to be stalling on anti-China EV tariffs, widely regarded as resulting from US pressure, and following a number of plant closures from American & European auto producers.
If Mexico applies tariffs to China, it would be validating the United States’ tariff policy, and China will take countermeasures, says Ma Hui, a member of the Communist Party of China’s Central Committee.
The Mexico-China Chamber of Commerce and Technology said the list released by the Mexican government includes a large number of industrial inputs, which will have also have a detrimental impact on Mexican exports.
For Trump, tariffs are far from a trade policy measure; they are desperate actions by a declining power, trying to halt the transition to a multipolar world where American hegemony will be a thing of the past.