Mexico imposes a 25% tariff on Chinese shoes

FERRARI’s speech on China’s imports at the LEON state press conference affirmed that he will use safeguards for shoes and other goods imported from China; the Mexican Ministry of Economy needs to prepare a list of China’s unfair trade practices and protect them. Measures to resist; this measure can be implemented 20 days after the relevant complaints and evidence are obtained.

The Mexican economy minister stated that the removal of transitional measures does not mean zero tariffs on Chinese goods. The average tariff on Chinese imports is 20%, but it depends on the information provided by Mexican companies to the government. The Mexican government will make decisions and take actions based on the materials provided by the company. 78% of the shoes made of ink are leather. In order to protect the national industry, it imposed a 25% tariff on shoes from China and a 20% tariff on Indian shoes.

The Mexican Economy Minister stated that if damage is done to the Mexican national industry, relevant laws and regulations will be implemented. Possible protective measures include special tariffs or AD-VALOREM, pre-licensing or CUPOS, or a combination of these measures. He reiterated that Mexico is the seventh largest country to implement compensation tax on Chinese products, and some compensation taxes are as high as 1040%.

The newspaper said that the Mexican economy minister will go to the World Trade Organization this week to present the existing evidence report to the organization. If no satisfactory solution is available to both parties, Mexico has the right to withdraw CONCESIONES.

The Mexican Economy Minister said that he will also be in close contact with the Mexican business community in the near future and pay attention to any changes after the cancellation of the transitional measures; after the transitional measures are cancelled, Mexico can boycott more products from China. Within 20 days, there will be evidence reports on China’s unfair trade practices, so the Mexican government can have reason to take action in the next 2 months. The preventive procedures for China will continue for 2 years.

He also said that China’s commitment is to impose sanctions on Chinese companies that have evidence of unfair trade in recent meetings. "Chinese companies should be clear about what sanctions are."

He stated that if the two sides did not discuss the results in February 2012, Mexico will implement protective measures; it is expected that new tariffs will be imposed. The Mexican government supports the competition of domestic companies. What Mo is proposing is not politics; it must be done. Adopting populist policies will not help, because these policies will be torn to bear the World Trade Organization.