Mexico's lower house approves tariff hikes on Chinese, Asian imports

MEXICO CITY, Dec 10 (Reuters) - Mexico's lower house early Wednesday approved tariffs of up to 50% next year on imports from China and several other Asian countries, aiming to boost domestic production and address trade imbalances, despite opposition from local business groups and affected governments.

The proposal, which still requires Senate approval, would impose or raise tariffs - mostly up to 35% - throughout 2026 on goods such as automobiles, auto parts, textiles, clothing, plastics and steel from China and other Asian countries without a trade deal with Mexico, including India, South Korea, Thailand and Indonesia.