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Report: Mexico’s Senate Approves Tariff Hikes on China, Other Asian Countries

The proposal will raise or impose new duties of up to 50% on goods including autos, auto parts, textiles, clothing, plastics and steel from countries without trade deals with Mexico. This includes China, India, South Korea, Thailand and Indonesia, Reuters said. Most products will have tariffs up to 35% imposed on them. 

China’s Ministry of Commerce responded Thursday: “China has always opposed all forms of unilateral tariff increases and hopes Mexico will correct such unilateralist and protectionist practices as soon as possible.” 

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