Reported about 4 hours ago
China has urged Mexico to reconsider its decision to raise tariffs on imported vehicles from China to 50%, interpreting the move as capitulation to President Trump's demands. This warning comes as Mexico also plans to increase tariffs on textiles, steel, and other goods, affecting $52 billion in imports. Meanwhile, the U.S. intends to encourage G7 countries to impose higher tariffs on China and India regarding Russian oil purchases, further intensifying the global trade tensions.
Source: YAHOO