SunSirs: Mexico Plans to Significantly Increase Tariffs on Autos Produced in Some Asian Countries
October 11 2025 11:13:39 SunSirs (Selena)
According to foreign media reports, Mexico plans to impose tariffs of up to 50% on automobiles and related products produced in some Asian countries, including China, significantly exceeding the current 15%-20% rate. If implemented, this policy will directly impact China's exports of automobiles and parts to Mexico, with the tire industry bearing the brunt. Industry data shows that from January to July 2025, Mexico was the second-largest destination for Chinese passenger car exports, with imports increasing by 18.1% year-on-year. China has become Mexico's largest source of automobile imports. Previously, Chinese tire exports had maintained steady growth under relatively low tariffs. However, this significant tariff increase will significantly increase the cost and selling price of Chinese tires in the Mexican market, weakening their price competitiveness. Mexican and NAFTA-area companies may seize the opportunity to gain market share, squeezing the survival of Chinese tire companies.
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