Mexico Steps Up Trade Actions Against China Amid Growing Tensions

Mexico imposed tariffs on Chinese steel products after anti-dumping investigations, indicating willingness to accommodate US demands. More cases against Chinese companies expected.

US likely to increase measures to curb Chinese exports and investment in Mexico, like recent actions on EVs and port cranes. May review China's shipbuilding industry support.

Trump threatened 100% tariff on Mexican-made cars by Chinese companies if elected. Trade between China and Mexico grew 6% to $100.2B in 2022.

China's exports of car parts to Mexico surged 260% since 2017. Growth in China-Mexico shipping increased 34.8% in 2023, fueling suspicion of Mexican backdoor to US.

Mexico's presidential election upcoming in June. Trade deficit with China ballooning to nearly $100B, concerning given Mexico's economy size.