MNI BRIEF: Mexico Tariffs Will Harm Trade With China

Mexico's decision to raise import tariffs by up to 50% on countries without a trade agreement with them will significantly harm the interests of partners, including China, the Chinese Ministry of Commerce said in a statement released on Thursday.

The Ministry also reiterrated an investigation into trade and investment barriers imposed by Mexico was launched in late September and was currently underway. China urges Mexico to carefully consider the potential consequences of this decision and take a prudent approach moving forward, the Ministry said.

Evolving business conditions in China are prompting German firms to deepen their integration, expand operations, and use the country as a base for global exports, a senior representative of the German business community in Beijing told MNI. (See MNI INTERVIEW: China Emerging As German Firms)