Global News Of Note: Mexico Imposes New Tariffs On Chinese Steel, Autos
What happens abroad impacts MSCI members in North America. Here is the latest economic, trade, and other policy news of note for the last week:
- According to the National Association of Manufacturers, the government of Mexico plans to increase tariffs on steel, automobiles, and textiles made by China and other Asian countries. The penalties will affect $52 billion in imports. The tariff on steel will be set at 35 percent while the penalties on automobiles will increase from 20 percent to 50 percent. In related news: Mexican President Claudia Sheinbaum and Canadian Prime Minister Mark Carney will meet for trade talks this week. Read more about those discussions at this link.
- As Yahoo! Finance reported, the value of exports from China increased in August though at a slower pace than in recent months. Exports reached $321.8 billion in August 2025, a 4.4 percent increase from August 2024. Imports totaled $219.5 billion, a 1.8 percent rise. In the first eight months of 2025, China exported $785.3 billion more in goods than it imported from other countries.