The Mexican government has announced that it will raise tariffs on cars imported from China to 50%, as part of a sweeping trade measure intended to protect local industries and respond to concerns raised by the United States. The Economy Ministry said the tariff increases which also affect steel, textiles, and electronics will apply to […]
At the virtual BRICS summit hosted by Brazil on September 8, 2025, China’s President Xi Jinping delivered a forceful message advocating for a robust multilateral trading system. He emphasized that unilateral trade wars and protectionist policies undermine the global economy particularly impacting developing nations and called for BRICS members to collaborate in resisting these trends. […]
The countermeasures, which will go into effect in 10 days, include import taxes on American steel, aluminum, and a range of finished goods, such as cars, appliances, and machinery. These tariffs are designed to match the economic impact of the U.S. duties dollar-for-dollar. “Canada will not stand by while our industries, workers, and national interests […]