Overview

• Bloomberg reported that Mexico plans to raise duties on goods from China, with automobiles, textiles and plastics among the targeted categories, though specific rates have not been set.
• The Chinese Foreign Ministry, through spokesman Guo Jiakun, opposed any restrictions imposed under external pressure and urged independent decision‑making.
• Mexico’s Presidency and Economy Ministry have not issued public confirmation of the tariff plan reported by Bloomberg.
• U.S. officials welcomed the prospective shift, with Treasury Secretary Scott Bessent backing efforts to strengthen North American production links.
• Sources indicated other Asian suppliers could also face higher tariffs, a move that could strain supply chains given that China accounts for roughly one‑fifth of Mexico’s imports.