Politics · Mexico · 9 hrs ago

Sheinbaum says alleged Chinese goods rerouting into Mexico is limited

Sheinbaum says alleged Chinese goods rerouting into Mexico is limited

Mexican President Claudia Sheinbaum said alleged rerouting of Chinese goods through Mexico is limited ahead of her planned meeting with Chinese leader Xi Jinping.

The allegation is that goods from China pass through Mexico and are then sent to the United States without gaining significant value in Mexico.

Sheinbaum said this happens very little, and that many imports are processed in Mexico before being exported.

Mexico imposed new tariffs in January on goods from countries without free-trade agreements, including duties of up to 35% on some steel products.

Ternium chief executive Máximo Vedoya said some steel imports still avoid the tariff through under-invoicing, smuggling or shipments through other countries.

The dispute concerns how trade rules and tariffs are being applied as Mexico seeks to strengthen local industries and exports.

At the APEC summit in China, Sheinbaum plans to promote cooperation and investment through her Plan Mexico and discuss relations with Xi.

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What people are saying

Claudia SheinbaumPresident of Mexico
The triangulation issue is talked about a lot, but it is not that much, and we have data that the Economy Ministry can present.
via El Financiero
It happens very little.
via El Financiero
There is always importing, value added and exports to the United States.
via El Financiero