For its part, Mexico has taken a low-keyed approach, stating its positions clearly and concisely but avoiding escalation in actions or rhetoric. Mexico has also addressed American concerns about China by enhancing screening of Chinese investments and placing tariffs of between 35 and 50 per cent on more than 1,000 Chinese items, including steel and electric vehicles, to curb trans-shipment of Chinese products through Mexico. Unlike Canada, it has not imposed retaliatory tariffs, it is renegotiating CUSMA with the U.S. without Canada, and its president is optimistic about signing a deal with Americans. As a result, Mexico was not hit by the new U.S. tariffs Canada has had to bear since February. It’s no accident that Mexico’s trade with the U.S. increased by six per cent last year, while Canada’s slipped seven per cent, with an even larger drop in the auto sector.
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