China, Mexico held talks amid trade tensions over tariffs [Yahoo! Finance Canada]
BYD CO LTD UNSP/ADR (BYDDY)
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Source: Yahoo! Finance Canada
The two countries conducted in-depth exchanges on bilateral economic and trade relations and ?other issues, the Chinese Commerce Ministry said in a statement on Thursday. Mexico announced in December steep tariff increases on China and other countries without free trade agreements with Mexico - most up to 35%. The move was widely interpreted by analysts as an attempt ?to placate U.S. President Donald ?Trump, who levied significant tariffs on Chinese goods. Mexico's duties apply to thousands of goods including automobiles, auto parts, textiles, clothing, plastics and ?steel. Mexican President Claudia Sheinbaum said the tariffs are intended to increase domestic production and address trade imbalances. The tariffs are expected to have the biggest impact on China, which ?is Mexico's ?second-largest trading partner after the United States. China's ?Commerce Ministry had warned Mexico to "think ?twice" before levying tariffs and said it would take steps in response to safeguard its
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