This Wednesday, the Chamber of Deputies approved raising tariffs on textiles, clothing, steel, aluminum, footwear, plastics, toys, appliances, auto parts and vehicles from Asian countries. The taxes will affect countries with which Mexico does not have trade agreements such as China, Korea, India, Vietnam, Thailand, Brazil, Indonesia, Taiwan, Nicaragua, the United Arab Emirates and South America.
The president explained that the tariff decision was modified after Mexican and foreign businessmen were heard about the effects it could bring to Mexico.
“There were several meetings with Mexican businessmen regarding a first proposal that was made, where the businessmen themselves told us – not only Mexicans, but also international companies that are in Mexico – that if so many tariffs were imposed it would affect the price of products in our country; then it was decreased in a very important way,” he explained.
