Mexico hikes tariffs on Asian cars to 50% in bid to safeguard jobs and calm US tensions

Mexico hikes tariffs on Asian cars to 50% in bid to safeguard jobs and calm US tensions

Mexico announced it will increase tariffs on automobiles imported from China and other Asian nations to 50%, describing the move as an effort to protect local jobs. Analysts, however, noted that the policy also appears designed to ease tensions with the United States.

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