When Mexico threatened to impose 50% tariffs on China, China recently launched a countermeasure.
China warned Mexico not to try to please Washington , warning it not to succumb to the pressure from the United States .
U.S. Secretary of State visits Mexico to press
The cause of this incident was that the United States put pressure on Mexico on September 3.
On the 3rd, U.S. Secretary of State Rubio, an anti-China pioneer , went to Mexico to hold talks with Mexican female President Laudia Sinbaum.
Although the two countries reaffirmed “reaffirming security cooperation based on the principles of reciprocity, respect for sovereignty and territorial integrity, common but differentiated responsibilities, and mutual trust.”
Although the Mexican president repeatedly stated: “We will not accept submission. We only accept equal cooperation between countries.” Anyone with discerning eyes knows that this is the pressure from the United States on Mexico.
Mexican President: Plans to impose 50% tariff on China
So on September 4 the next day, Mexico suddenly announced “sanctions and tariffs” against China without warning. Female President Sinbaum told reporters at a press conference: The Mexican government is considering imposing tariffs on countries that “have not signed a trade agreement with us.”
She clearly said: “China is one of them.”
Obviously, in the face of the pressure from the United States, Mexico has not actually resisted it. So what impact will China be affected in the face of Mexico’s sanctions? How will they fight back?
Today we will talk about these topics. It is not easy to write. Welcome to like, forward and collect.
Mexico sanctions China? What abacus did you make?
Why does Mexico want to sanction China? It is obviously “threatening” from the United States.
In international trade , Mexico has always been the “gateway” of the United States. Since the Sino-US trade war , China has begun to try to use Mexico to evade US tariffs by building factories in Mexico or through “re-export” trade.
China is Mexico’s second largest trading partner
At the beginning of this year, after the United States threatened to impose sanctions on Mexico, the relationship between Mexico and the United States was actually not very good, and Mexico once threatened to counter the United States.
However, as the saying goes, the situation is stronger than that of people, and the fist is still bigger than that of the United States. After the “pressure” of the US Secretary of State, Mexico had to become the pawn of the United States. The New York Times revealed that several months of negotiations have put Mexico under Trump ‘s “pressure cycle”.
The United States threatens Mexico: stationing tens of thousands of soldiers on the US-Mexico border, threatening to send troops to Mexico to help Mexico clear drug trafficking groups in the country, etc. So Mexico simply “kneeled”.
So how will Mexico “sanction China”? According to the list, the “Tariff Reform Act” announced by the Mexican President this time is targeting countries that do not advance free trade agreements with Mexico, and focuses on China and other Asian exporters.
Trump threatens Mexican president
The goods involved include products under 1,371 tariff codes such as automobiles, parts, steel, textiles, and toys, accounting for 16.8% of the Mexico tariff code. Tariff rates range from 10% to 50%
Since Mexico’s ruling party holds a majority in parliament, the probability of passing is very high. In the near future, Mexico’s sanctions on China will take effect!
Of course, Mexico also has its own plans. In Mexico’s view, sanctions against China can also protect its own jobs.
After all, China has lost the US market, so Mexico, as a developing country with rich human resources , can also eat up China’s market. This is a policy of killing two birds with one stone, and no wonder Mexico kneels so quickly.
