Mexico’s plans, reported by Bloomberg, to put tariffs on imports from China (and possibly other parts of Asia) target many of the government’s goals – appeasing the US, mending the public finances and protecting domestic firms. If implemented, the tariffs would create a harder environment for China’s exporters, particularly if other countries followed suit. Many other EMs have similar incentives to restrict Chinese imports. But countries vary widely in how likely they are to put up similar tariff barriers.
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