Hey amigos! 🤝 Big trade alert: China has called on Mexico to stick to the rules of the WTO and protect the rights of companies from the Chinese mainland. This comes after Mexico launched a series of anti-dumping investigations targeting float glass, PVC tarpaulins and more.
So far this year, Mexico has opened 11 anti-dumping probes into products from the Chinese mainland—nearly double last year’s count! Meanwhile, the Chinese mainland has shown restraint, holding back on its own trade-remedy actions.
A spokesperson from the Ministry of Commerce emphasized that protectionist moves can backfire. Against the backdrop of the United States’ heavy tariffs, China says all WTO members should unite to curb unilateralism and resist pressure to impose unfair restrictions.
In response to Mexico’s proposed tariff hikes and barriers, the Chinese mainland has launched its own investigation into trade and investment obstacles. The ministry warned that it stands ready to take all necessary measures to defend legitimate rights and interests of firms from the Chinese mainland.
Why it matters 🌐: This standoff highlights the growing tensions in global trade. For young entrepreneurs and investors, it’s a reminder to follow policy changes closely—what happens in one market can ripple around the globe!
Reference(s):
China urges Mexico to protect rights, interests of Chinese firms
cgtn.com
