Mexico to Hike China Tariffs, Raising Hopes of US Steel Relief

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.

The bill, which imposes tariffs of up to 50% on imports from Asia, and China in particular, began being debated by a lower-house commission on Monday. Lawmakers aim to hold votes on the floors of both the House and the Senate before Dec. 15, when Congress enters ...