China says Mexico’s tariff hikes constitute ‘trade barriers’ after probe
AI Summary
China has accused Mexico of creating trade barriers through recent tariff hikes on imports from countries without free trade agreements, primarily impacting Chinese goods. The Chinese Ministry of Commerce announced this conclusion following an investigation initiated in September, citing a breach of trade rules. Mexico's revised tariffs, implemented on January 1, affect over 1,400 products with duties ranging from 5 to 50 percent, heavily impacting sectors like steel and vehicles. China estimates these hikes affect over $30 billion in exports to Mexico, based on previous trade data. Beyond tariffs, China also expressed concern over additional measures like stricter customs clearances and rules of origin enforcement. China is now considering further bilateral talks or escalating the dispute to the World Trade Organization.
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Key Claims (5)
AI-ExtractedThe hikes affected more than US$30 billion of Chinese exports to Mexico.
The additional duties ranged from 5 to 50 per cent.
Mexico's revised tariff rates on over 1,400 products entered into force on January 1.
China accuses Mexico of imposing trade and investment barriers through tariff hikes.
Supplementary measures could constitute “direct or indirect discrimination or restrictions” on Chinese imports.
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Source Transparency
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