Mexico decides to impose 50% import tariff on Japanese cars According to overseas media reports, the Mexican government has announced that it will impose a 50% tariff on cars imported from Japan from January 1, 2004. Since it is difficult to make progress on the negotiations on agricultural products, the free trade agreement between the Mexican government and the Japanese government will not be signed and become effective within this year. Japan will become the target of applying the new tariff system imposed by Mexico on non-free trade agreements. In this way, the price competitiveness of Japanese cars will be significantly reduced compared with European and American cars with zero import duties in the Mexican market.
Mexico decides to impose 50% import tariff on Japanese cars
Mexico decides to impose 50% import tariff on Japanese cars According to overseas media reports, the Mexican government has announced that it will impose a 50% tariff on cars imported from Japan from January 1, 2004. Since it is difficult to make progress on the negotiations on agricultural products, the free trade agreement between the Mexican government and the Japanese government will not be signed and become effective within this year. Japan will become the target of applying the new tariff system imposed by Mexico on non-free trade agreements. In this way, the price competitiveness of Japanese cars will be significantly reduced compared with European and American cars with zero import duties in the Mexican market.