China advises Mexico to reconsider increasing tariffs and threatens retaliatory actions.

China's Warning to Mexico: China's Ministry of Commerce has cautioned Mexico against raising tariffs on Asian-made cars to 50%, emphasizing the importance of their trade relationship and the potential negative impact on economic cooperation.

Impact on the Auto Industry: Mexico's planned tariff increase, pending Congressional approval, could affect its auto industry, which is the largest employer in the country, and comes amid significant Chinese investments in Mexican auto parts and manufacturing.