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As the continent's influence in the world continues to expand, more and more countries have economic and trade relations with the continent, and Mexico is one of them.
Over the past few years, the cooperation between China and Mexico has grown significantly. Especially in the context of the increasingly tense economic and trade situation between China and the United States, the economic and trade exchanges between the mainland and Mexico are becoming more and more frequent.
Especially in the last two years, the proportion of trade cooperation between the two countries has increased significantly.
After years of economic and trade cooperation, Mexico has become an important partner of the mainland in Latin America.
With the continuous development of the mainland's economy, a large number of outstanding enterprises have been promoted, and as these enterprises continue to grow and develop, some enterprises have begun to go abroad to seek more diversified development space overseas.
As more and more companies enter the international market, Mexico, located in Latin America, has successfully attracted many Chinese companies.
At present, a large amount of Chinese capital has appeared in Mexico, which has also brought a huge impetus to the local economic development of Mexico. Whether it's electronic components or kitchen supplies, locomotive parts, etc., the amount of these cooperative transactions is also increasing.
Recently, the president of Mexico issued a decree that caused a sensation around the world.
It is understood that in this decree, it is clearly stipulated that additional tariffs will be imposed on related goods such as steel and aluminum, textiles and clothing, which means that these goods need to pay more tariffs in the process of flowing to Mexico.
The Government of Mexico has not only promulgated this decree, but it has also taken effect immediately.
In addition, some raw steel products also need to face higher tariffs.
In addition to specifying the goods subject to tariffs, the Mexican government also specifically pointed out when promulgating this decree that as long as it is a region or country with which it has signed a trade agreement, it does not need to bear the additional tariffs, and if the relevant regulations are met, it can even enjoy preferential treatment.
This is despite the fact that the Government of Mexico has explained that it is intended to address the vulnerability of the country's industry.
The sector provides some certainty in market conditions to make the market more fair. However, many analysts believe that the new law introduced by Mexico is ultimately aimed at China. Why did Mexico suddenly change its mind?
In this regard, analysts pointed out that the Mexican government's sudden promulgation of this decree is likely to be a prelude to the upcoming presidential election, or it may be from the pressure exerted by the United States.
After all, Mexico has a trade agreement with the United States, and Mexico enjoys the tariff preferences that members of these agreements can enjoy.
However, as the economic and trade exchanges between China and Mexico become more and more intensive, the impact of this ban will also be greater. In other words, goods imported from China will face higher tariffs.
While the Mexican government is likely to lead to a growing inflation problem in its territory, the Mexican government does not seem to care about this and has even vigorously promoted protectionism, most likely due to its loyalty to the United States.
The Mexican government's blatant use unfair competition as an excuse to set up a new tariff decree is clearly an active cooperation with the U.S. measures to impose sanctions on China.
The United States has been hyping up the problem of China's overcapacity in recent times, and Yellen made many remarks on this issue during her recent visit to China.
Yellen said that China's industrial production, especially the development of new energy vehicles, has jeopardized the interests of other countries, resulting in a great impact on enterprises in the United States and other countries, and blamed the mainland for overcapacity.
At the same time, Yellen and some other U.S. officials have also gone to Europe and other countries to hype up such remarks.
Now, the United States is once again using this rhetoric to influence some Latin American countries, including Mexico. For the United States, China's development in the manufacturing industry has jeopardized its interests.
If left unchecked, China's power and influence in the manufacturing sector will grow.
Not long ago, the U.S. government not only announced that it would impose tariffs on some goods, but even launched a Section 301 investigation. The purpose of this is to further target China and suppress the mainland's economic and other developments.
But the U.S. government is also well aware that the various sanctions imposed on China will have little impact, which may be the main reason for the pressure on Mexico.
In the face of the U.S. measures, Mexico was forced by the U.S. to come under pressure from the U.S., and the upcoming presidential election made it likely that Mexico would compromise in order to fully demonstrate its loyalty to the U.S. and eventually introduce tariffs.
What do you think about China's foreign trade? Welcome to discuss in the comment area!