[ad_1] <br><div> <p class="yf-7hmkaz"><!-- HTML_TAG_START -->By Diego Oré<!-- HTML_TAG_END --></p> <p class="yf-7hmkaz"><!-- HTML_TAG_START -->MEXICO CITY, Dec 30 (Reuters) - Mexico's sweeping new <a href="https://finance.yahoo.com/news/live/trump-tariffs-live-updates-trump-vows-export-curbs-india-hike-on-deck-china-and-canada-envoys-visit-us-200619355.html" data-ylk="slk:tariffs;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;" class="link yahoo-link">tariffs</a> on imports from principally Asian international locations are set to take impact on Thursday, in a transfer that can largely align Mexico with the U.S. because the neighboring international locations place vital obstacles on Chinese language imports.<!-- HTML_TAG_END --></p> <p class="yf-7hmkaz"><!-- HTML_TAG_START -->Accepted by Congress in early December, the measure raises tariffs - most as much as 35% - on international locations with out free commerce agreements with Mexico, together with China, India, South Korea, Thailand and Indonesia. China is predicted to bear the best influence.<!-- HTML_TAG_END --></p> <p class="yf-7hmkaz"><!-- HTML_TAG_START -->The hikes will apply to 1000's of merchandise, together with cars, auto elements, textiles, clothes, plastics and metal.<!-- HTML_TAG_END --></p> <p class="yf-7hmkaz"><!-- HTML_TAG_START -->The transfer has drawn sturdy opposition from China and a few home industries involved about rising prices.<!-- HTML_TAG_END --></p> <p class="yf-7hmkaz"><!-- HTML_TAG_START -->Mexican President Claudia Sheinbaum and members of her administration have mentioned the tariffs search to bolster home manufacturing and tackle commerce imbalances, and insisted they aren't directed at a selected nation.<!-- HTML_TAG_END --></p> <p class="yf-7hmkaz"><!-- HTML_TAG_START -->"This tariff modification primarily goals to safeguard practically 350,000 jobs in delicate sectors like footwear, textiles, attire, metal, and automotives, whereas contributing to sovereign, sustainable, and inclusive reindustrialization," Mexico's economic system ministry mentioned in a press release.<!-- HTML_TAG_END --></p> <p class="yf-7hmkaz"><!-- HTML_TAG_START -->The levies will even present an extra $3.76 billion in authorities income subsequent 12 months as Mexico works to cut back its fiscal deficit.<!-- HTML_TAG_END --></p> <p class="yf-7hmkaz"><!-- HTML_TAG_START -->Many political and commerce analysts imagine the tariffs, which can primarily have an effect on Chinese language items, are aimed at placating the Trump administration forward of the upcoming evaluate of the U.S.-Mexico-Canada commerce settlement (USMCA).<!-- HTML_TAG_END --></p> <p class="yf-7hmkaz"><!-- HTML_TAG_START -->(Report by Diego Oré; Edited by Ana Isabel Martínez and Louise Heavens)<!-- HTML_TAG_END --></p> </div> <br>[ad_2] <br><a href="https://finance.yahoo.com/news/mexico-hike-tariffs-china-starting-180547543.html">Source link </a>