Mexico to Raise Tariffs on Imports From China After US Push

The Mexican government plans to increase tariffs on China as part of its 2026 budget proposal next month, protecting the nation’s businesses from cheap imports and satisfying a longstanding demand of US President Donald Trump.

The tariff hikes, expected for imports including cars, textiles and plastics, aim to shelter domestic manufacturers from subsidized Chinese competition, according to three people briefed on the matter, who asked not to be identified revealing details of the plans. Other Asian countries are also expected to face higher tariffs, one of the people said.