Larry Rubin, president of the American Society of Mexico (AMSOC), said that the collection of import tariffs of China is a sign of confidence on the part of Mexico for US investors, who are the ones who have destined the most capital to move the Mexican economy.
“(Chinese import tariffs) is a sign of trust for the largest investors in the country, which are Americans,” Mexico told Forbes.
The businessman congratulated President Claudia Sheinbaum Pardo, and the Secretary of Economy, Marcelo Ebrard, for imposing a 50 percent tariff on cars, auto parts, cosmetics and other products, he says.
“The collection of tariffs is a strategic decision that brings more to Mexico with the world’s largest market, which is the United States,” said the business leader.
The Ministry of Economy will impose a 50 percent tariff to imports from China, South Korea, India, Russia, Indonesia, Thailand and Turkey of auto parts, cars, dress, textile, glass, steel products and soaps, perfumes and cosmetics.
A 35 percent tariff will be for plastic, appliances, furniture, motorcycles, footwear and leather goods, according to the dependency in charge of Marcelo Ebrard Casaubon.
The Secretary of Economy said that the increase in tariffs to a ceiling level to imports of cars, auto parts, bicycles and motorcycles of China, South Korea, India and other nations without FTA is to protect the investments, employment and production of different strategic industries of Mexico.
For Larry Rubin, Mexican and American entrepreneurs need a greater approach of both economies for commercial issues and because the United States is natural ally in all of Mexico.
“We are going to work together through the high level group in a matter of security, which is an important slope for Mexican society, but it is also for the United States,” he said.
The American manager considered that the approach through the collection of a 50 percent tariff to Chinese imports is a sign of goodwill of the Government of Mexico led by Sheinbaum.
“We applaud it, each of the affiliates to the American Society of Mexico. We know that it is another way that our countries are complemented and there is greater integration and we are very happy for the tariffs,” he said.
For several years, he said, Europe and other countries have been geolocated and installed in Mexico, because TMEC is an important commercial tool for suppliers of a company that sells to the United States or they sell to the United States.
“Mexico’s relationship with the United States is very valuable for everyone, so this sign of trust is very important and we applaud these efforts of the administration of President Claudia Sheinbaum to impose 50 percent tariffs on China imports,” said Larry Rubin.
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