China has opened an investigation into whether import tariffs being imposed by Mexico are a trade and investment barrier. Mexico plans to impose taxes as high as 50 per cent on more than 1,400 products from Asia to protect factories at home, which are facing stiff tariffs imposed by President Donald Trump on exports to the United States.
A Chinese Commerce Ministry statement posted Thursday said the tariffs would harm the interests of affected countries. “China believes that, against the backdrop of the current US abuse of tariffs, all countries should jointly oppose all forms of unilateralism and protectionism and must not sacrifice the interests of third parties because of coercion,” the statement said. The Commerce Ministry also announced Thursday that it was launching an anti-dumping investigation into pecans imported from Mexico and the United States.
Mexico has been under pressure from the Trump administration to limit Chinese imports, some of which the US says use Mexico as a backdoor to the American market.
Mexican President Claudia Sheinbaum has said that the tariffs are not the result of US pressure.
China will be the most affected as Mexico imported $130 billion worth of products from the country .