Mexican President Claudia Sheinbaum rolled out an economic plan aimed at curbing imports from China in an apparent nod to U.S. President-elect Donald Trump and his allegations that Mexico is a back door for Chinese goods entering the United States.
Sheinbaum also used her speech to defend the U.S.-Mexico-Canada (USMCA) trade pact, only way to compete with China.
The moves come as trade tensions with the United States - Mexico's top trade partner - are heightened on tariff threats from Trump, who has accused Mexico of being a back door for Chinese goods to circumvent existing U.S. tariffs.
Mexico denies such accusations, but has since cracked down on contraband goods coming into the country from Asia and rolled out tariffs targeting e-commerce giants such as Shein and Temu.
"Our objective is to expand to the entire American Continent, which is the vision we want to have in order to be the region with the greatest potential and development in the world," Sheinbaum said.
Sheinbaum also used her speech to defend the U.S.-Mexico-Canada (USMCA) trade pact, only way to compete with China.
The moves come as trade tensions with the United States - Mexico's top trade partner - are heightened on tariff threats from Trump, who has accused Mexico of being a back door for Chinese goods to circumvent existing U.S. tariffs.
Mexico denies such accusations, but has since cracked down on contraband goods coming into the country from Asia and rolled out tariffs targeting e-commerce giants such as Shein and Temu.
"Our objective is to expand to the entire American Continent, which is the vision we want to have in order to be the region with the greatest potential and development in the world," Sheinbaum said.
2 months ago
