Mexico’s Congress is set to vote this week on President Claudia Sheinbaum’s proposed tariffs on China, part of a broader plan to shield local producers and ease trade tensions with the US. The move is fueling expectations that it could soon make room for US tariff relief on Mexican steel and aluminum.

India has opened talks with Mexico after the latter announced a unilateral hike in import tariffs on several products, with New Delhi seeking a negotiated solution while keeping the option open to protect Indian exporters if needed.

Mexican lawmakers are slated to begin debate this week on a bill to raise tariffs on goods from China and other Asian countries, three ruling party lawmakers told Reuters, amid fierce opposition from China and Mexican business groups.

Sheinbaum's Thursday presser covered Mexico's new tariffs, tension with the US over water deliveries and plans to attract Chinese tourism.

Despite U.S. ‍pressure to curb reliance on Chinese technology and ⁠components, imports from China stood at about $168 billion through November, up nearly 30% on the year and already well above all of 2024, itself a record year, Vietnamese data shows.

China's Premier Li Qiang said on Tuesday the "mutually destructive consequences of tariffs have become increasingly evident" over 2025, in remarks at a "1+10 Dialogue" including the heads of the IMF,

Tariffs seem like holiday background noise, but Trump's 2026 trade decisions could move inflation, markets, and the U.S. economy in a big way.

The package marks the administration’s latest effort to bolster Trump’s economic message and reassure voters frustrated by high prices.