Taking a very significant step to be in alignment with President Trump’s North American trade bloc construct, Mexico has passed a sweeping set of tariffs against Chinese imports.
The motive for the move by President Claudia Sheinbaum and her political party, Morena, which controls both legislative chambers is clear. Mexico is moving into direct alignment with President Trump as the likelihood for the end of the current USMCA trade agreement looms.
President Trump has sent clear signals expressing his intent to dissolve the USMCA trade agreement in favor of two bilateral agreements, one with Mexico and one with Canada.
The Mexican government led by Sheinbaum have made moves throughout the year to stay in alignment with a favorable trade agreement, while the Canadian government led by Mark Carney has been more antagonistic toward any change.