China has launched a trade barrier investigation into Mexico following the Latin American country's announcement of tariffs of up to 50 per cent on Chinese cars and other goods, reports Bloomberg.
The Chinese Ministry of Commerce said the probe aims to protect domestic industry and voiced strong opposition to Mexico's proposed measures. It warned that unilateral tariff hikes would damage China's interests and those of other trading partners.
The ministry said such actions would undermine the predictability of Mexico's business environment and erode investor confidence. It urged countries to resist protectionism and unilateralism, especially under pressure from third parties.
A ministry spokesman said, 'No party should sacrifice the interests of third countries under coercion from others,' referring to what china described as the US's abuse of tariffs.
The investigation will examine tariffs on autos, textiles, steel, home appliances and other goods, along with unspecified restrictions on Chinese trade and investment imposed in recent years. The ministry said the probe will conclude within six months and pledged to take necessary steps based on its findings.
SeaNews Turkey
The Chinese Ministry of Commerce said the probe aims to protect domestic industry and voiced strong opposition to Mexico's proposed measures. It warned that unilateral tariff hikes would damage China's interests and those of other trading partners.
The ministry said such actions would undermine the predictability of Mexico's business environment and erode investor confidence. It urged countries to resist protectionism and unilateralism, especially under pressure from third parties.
A ministry spokesman said, 'No party should sacrifice the interests of third countries under coercion from others,' referring to what china described as the US's abuse of tariffs.
The investigation will examine tariffs on autos, textiles, steel, home appliances and other goods, along with unspecified restrictions on Chinese trade and investment imposed in recent years. The ministry said the probe will conclude within six months and pledged to take necessary steps based on its findings.
SeaNews Turkey
