China has slammed Mexico's reported plan to impose tariffs of up to 50% on Chinese-made cars and other goods, calling it a 'protectionist move' that could strain trade ties between the two nations. 🌍⚖️
What's Happening? Mexico's proposed tariffs—targeting imports from China and other Asian countries—come amid growing global trade tensions. Foreign Ministry spokesperson Lin Jian criticized the move on Thursday, saying China 'firmly opposes unilateral restrictions' that disrupt fair competition.
Why It Matters As key players in the Global South, China and Mexico have built a $100 billion+ trade relationship. Lin emphasized that both countries benefit from 'inclusive globalization,' not 'discriminatory measures.' 🛑💸
What's Next? China vows to 'take necessary steps' to protect its interests, though specifics remain under wraps. Analysts say the spat could impact supply chains for EVs and electronics—sectors where Chinese brands dominate globally. 🔌🚙
