GreenergyDaily

Mar. 3, 2025

1. US Treasury Secretary Scott Bessent said Mexico has proposed matching Washington’s tariffs on China and urged Canada to do the same, signaling a potential path to avert levies on their own exports in the coming days.

2. “I do think one very interesting proposal that the Mexican government has made is perhaps matching the US on our China tariffs,” Bessent said Friday in an interview with Bloomberg Television.

3. “I think it would be a nice gesture if the Canadians did it also, so in a way we could have ‘Fortress North America’ from the flood of Chinese imports,” he said.

4. Bloomberg reported earlier, citing people familiar with the matter, that Mexican officials were willing to raise tariffs on Chinese goods and find ways to buy more from the US in a bid to avoid duties threatened by President Donald Trump.

5. One person familiar with Mexico’s plans said potential China tariffs would focus on cars and auto parts. They could also include finished goods, a second person said.

6. China has American agricultural exports in its cross hairs as it prepares countermeasures against fresh U.S. import tariffs, the Global Times reported today.