Mexico to discuss tariff hikes with China and others before making law

Mexico's Congress will hold off approving proposed tariff hikes on nearly 1,500 products from China and other Asian countries while Mexico holds talks with those countries and considers changes to the proposal, President Claudia Sheinbaum said on Thursday.



Sheinbaum sent the proposal - which seeks to increase tariffs by up to 50% on cars, textiles, clothing, plastics, steel, and other products - in early September to the lower house of Congress, where her Morena Party holds a large majority. Many analysts saw the move as an attempt to placate U.S. President

Donald Trump.



But since then, China – Mexico’s second-biggest trading partner after the U.S. – has criticized the proposal, saying it would undermine investor confidence.

China warned Mexico it would take "necessary measures" to safeguard its "legitimate rights and interests."