‘Protecting Jobs’
Mexico Wants to Increase Import Tariffs on Cars From China from 20 percent to 50 percent. This was announced by mexican economy minister Marcelo Ebrard on Wednesday. Accordance to Him, The Measure is intended to protect jobs in the country.
Chinese Cars Enter the Mexican Market “Under what we call reference prices,” Ebrard Said. Accordance to him, The Lower Prices Mainly Affect Sectors in Mexico for Light Vehicles and Auto Parts. “Without a certain degree of Protection, you can hardly competete,” the minister explained the increase in duties.
The Higher Levy Comes at A Time When the United States is Urging Countries in Latin America to Limit Economic Ties with China. Ebrard HAS Previously Said He is Against Tariff Measures because he said they at odds with economic growth and limiting inflation.