Just a year ago, Chinese manufacturers, fearing a new trade war, rushed to push out exports following the election victory of President Donald Trump, who had pledged to slap punishing tariffs on imports from China over America’s widening trade deficit with the country.

Mexico's congress has approved charging up to 50% tariffs on Chinese imports Wednesday.

In sync with the US, Mexico, too, has announced new import tariffs on a range of products, mostly at 35 per cent but some up to 50 per cent, from India and several other Asian countries including Chin...

However, they could continue to impact particular sectors, such as automobiles.