Mexico Sees Small Inflation Impact From Tariffs on Chinese Goods
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Mexico’s government calculates that new tariffs on Asian goods will only impact inflation by 0.2 percentage points and won’t significantly affect prices of cars imported from nations like China.Economy Minister Marcelo Ebrard provided the inflation estimate at a government press conference on Monday, adding that the tariffs are needed to protect some 350,000 jobs concentrated in Mexico’s automotive, textile and metals sectors. They should only affect about 8% of the Latin American country’s total trade, he added.