Backlash Against China Trade Shock 2.0 Is Growing: Supply Lines

The backlash against a China trade shock 2.0 is picking up steam.

Mexican lawmakers gave final approval for new tariffs on Asian imports, broadly aligning with US efforts to tighten trade barriers against China, as President Claudia Sheinbaum seeks to protect local industry.

Mexico’s Senate voted Wednesday in favor of a bill that imposes tariffs of 5% to 50% on more than 1,400 products from Asian nations that don’t have a trade deal with Mexico. The levies will take effect next year and hit a wide range of products from clothing to metals and auto parts, with the massive output of ...