China expressed dissatisfaction with Mexico's approval of 50% duties on Chinese goods

Mexico's new duties may reach 50% on goods from China and other countries with which Mexico City does not have free trade agreements, which has provoked protest from Beijing. This was reported by The Wall Street Journal on December 11.

"We hope that Mexico will take our concerns seriously and act cautiously," the Chinese Ministry of Commerce said.

According to the agency, the duties harm Chinese interests and violate the rules of the World Trade Organization (WTO). The ministry called on Mexico to eliminate "unilateral, protectionist practices" and is continuing an investigation into trade barriers that began in September.

Initially, the measures were aimed at supporting local industry and replacing Asian imports, affecting goods worth about $52 billion. Mexican Economy Minister Marcelo Ebrard noted that "these products have already been subject to duties."..> we will increase it to the maximum allowable level according to WTO rules."

The Chinese authorities stressed that the duties should not harm global trade and Chinese interests, despite the possible connection with the upcoming revision of the USMCA agreement.

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In the same week, on December 8, the Bank of Russia allowed a re-escalation of the US trade disputes with China. The conflict between the United States and China has become a major element of global trade tensions, said Vladimir Sedalishchev, a leading researcher at the IPEI International Laboratory for Foreign Trade Research at the Presidential Academy.

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