Mexico approves up to 50% tariffs on China and other countries

Mexican lawmakers have approved a package of new tariffs, impacting hundreds of products, many of which come from China.The measures, which President Claudia Sheinbaum has said are needed to boost domestic production, were passed by the Mexican Senate on Wednesday.The levies are set to take effect on 1 January 2026 and will apply to goods like metals, cars, clothing and appliances. Dozens of countries that do not…