INSUBCONTINENT EXCLUSIVE:
Mexican President Claudia Sheinbaum announced Thursday the country will review tariffs on Chinese imports
Trump recently increased Chinese import tariffs from 10% to 20%.Mexico already imposed compensatory quotas up to 17.99% on Chinese footwear
last September following an anti-dumping investigation
(Photo Internet reproduction)The footwear industry has lost 7,480 jobs since June 2023 and faced a 12.6% production decline
Industry experts report millions of products enter Mexico annually without proper taxation or regulatory compliance.Mexico-China Trade
Imbalance Sparks TensionsMexico maintains a severely imbalanced trade relationship with China
For every dollar Mexico exported to China in 2023, the Asian nation sold 11.4 dollars to Mexico
This disparity continues to worry Mexican officials and industry leaders.Chinese Commerce Minister Wang Wentao criticized countries
He promised Beijing would support Chinese exporters against these measures.Mexican tariffs on Chinese goods could reshape North American
trade relations and global supply chains
