Economy secretary rejected Beijing’s complaints, saying Chinese firms sell below cost with state backing and Mexico will not back down.

China warned Mexico on Thursday it could impose retaliatory measures after concluding a formal investigation into tariffs Mexico imposed on more than 1,400 categories of Asian goods, in a dispute that threatens to complicate Mexico City’s parallel negotiations to renew its trade agreement with the United States. China’s Ministry of Commerce (MOFCOM) said the tariffs, which range from 5 to 50 per cent on 1,463 product categories in force since January 1, restrict the entry of Chinese goods,…

From China - South China Morning Post via This RSS Feed.