Overview
- Velasco will travel to Beijing on Monday, Sept. 7, where he is scheduled to meet Chinese foreign minister Wang Yi and open a Mexican consulate in Chongqing.
- The visit is presented by Mexico as a diplomatic effort to calm disputes that followed the new 2026 tariff package that targets imports from countries without free‑trade agreements.
- Mexico's Secretary of Economy reported a roughly 28% fall in the imports affected by those tariffs through May 2026, which Mexico says supports its goal of protecting about 350,000 jobs and boosting domestic content.
- China has publicly called Mexico's measures trade barriers, has warned of countermeasures, and in August imposed provisional antidumping quotas of up to 51.6% on Mexican pecan exports.
- Analysts and officials say a durable fix will likely require investment and supply‑chain changes rather than only tariffs, and Mexico must balance that shift against U.S. and Canadian concerns during the ongoing T‑MEC review.