Mexico raises auto tariffs in response to rising Chinese auto sales

In response to the growth in sales of Chinese cars in the Mexican market, the Mexican government decided to increase the tariff on imported cars from 15% to 20%. This move is seen as a response to the growth in Chinese car sales. However, Mexico's new president Claudia Sheinbaum downplayed rumors about BYD building a factory in Mexico and stressed that relations with the United States are the government's top priority.