MEXICO CITY — Mexico’s government submitted a budget proposal Tuesday that would impose new import taxes on more than 1,400 products — many from Asian nations — to strengthen national production at a time when the United States is pressuring its North American trade partner to present a united front against China.
Treasury Secretary Édgar Amador did not mention China specifically, but said that the proposed 2026 budget will affect “countries with which we do not have a commercial treaty.”
The tariffs will be within the guidelines of the World Trade Organization and the Mexican government would be sensitive to any impacts on production or prices, he said.
Amador did recognize that the measures are happening “within the discussion and future commercial conversations with our North America