Mexico may slap 50 pct duty on Japanese cars-Nikkei

Newswire

TOKYO, Dec 20 (Reuters) - Mexico may impose a 50 percent tariff on imported Japanese cars next month after the two countries failed to negotiate a bilateral free trade agreement (FTA), the Nihon Keizai Shimbun said on Saturday. Such tariffs would put Japan at a competitive disadvantage compared with car makers from the United States and Europe, which already have FTAs with Mexico that include zero tariffs on autos, the paper said. Talks on a bilateral FTA between Mexico and Japan stalled ...

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