Trade
Mexico Congress Halts China Tariff Debate on Lawmakers’ Concern
Honda, BYD, and Chery dealerships in Mexico City, Mexico.
Photographer: Stephania Corpi/BloombergMexican lawmakers will pause until late November the discussion of a government proposal to impose tariffs of as much as 50% on cars, steel and other products imported from China and several Asian nations that don’t have a trade deal with the country, according to a top congressman.
Ricardo Monreal, leader of the ruling Morena party in the lower house of Congress, said that lawmakers must be careful with the proposal and review it “very seriously.”