Business · Trade · 1 hr ago

Ebrard says Mexico faces lower US tariffs than China

Ebrard says Mexico faces lower US tariffs than China

Mexico’s Economy Secretary Marcelo Ebrard said US tariffs on Mexican trade average below 3%.

He compared this with a 22% effective tariff rate for China, according to figures he cited.

Ebrard said Mexico remains the United States’ leading exporter despite US protectionist measures.

He pointed to close economic ties and contacts between Mexico’s and the US presidents as factors supporting trade.

He also said exports to the United States grew 16.8% in the latest month.

The United States, Mexico and Canada are reviewing their trade agreement, known as the USMCA.

Ebrard said he will present Mexico’s outlook and progress on the review on Friday, October 16.

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What people are saying

Marcelo EbrardMexico’s economy secretary
Well, we have done relatively well, if you compare us with China. For example, China is paying an effective tariff of 22 percent; we are paying less than 3 percent.
via Infobae
Mexico is the main exporter to the United States despite the protectionism we have seen.
via Infobae
A more complex situation than the one we are experiencing was expected.
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