Mexico Sees Small Inflation Impact From Tariffs on Chinese Goods

Mexico’s government calculates that new tariffs on Asian goods will only impact inflation by 0.2 percentage points and won’t significantly affect prices of cars imported from nations like China.

Economy Minister Marcelo Ebrard provided the inflation estimate at a government press conference on Monday, adding that the tariffs are needed to protect some 350,000 jobs concentrated in Mexico’s automotive, textile and metals sectors. They should only affect about 8% of the Latin American country’s total trade, he added.

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