Mexico stands by 50 per cent tariffs on Chinese goods, says move will protect 350,000 jobs

Economy Secretary Marcelo Ebrard on Monday defended Mexico’s decision to impose new tariffs on imports from China and other Asian countries, describing the move as a necessary step to protect hundreds of thousands of domestic jobs rather than a provocation to any trading partner. The tariff package, approved by Congress last week, will take effect on January 1 and introduce duties ranging from five to 50 per cent on 1,463 products from countries without trade agreements with Mexico. These...