The Mexican Senate approved a bill on Wednesday to impose tariffs of up to 50% on cars, steel, and other goods from China and other Asian countries that have not signed trade agreements with Mexico. This move has drawn severe warnings from Beijing, and Mexican authorities are currently preparing for a complex review of the USMCA.

The re-export trade has been blocked.

However, it does not hinder China's trade surplus of 1 trillion dollars this year. $BTC