The tariffs from China and the U.S., and the possibility that they could be raised again, are having an effect on two-way trade.

The Mexico-China Chamber of Commerce and Technology (MEXCHAM) has warned of the potentially negative consequences of introducing high tariffs on Chinese imports for the development and growth of strategic industrial sectors and the supply chains that make products sold from Mexico competitive.

Many U.S. companies in China expect sales to take a hit this year because of the tariffs imposed by U.S. President Donald Trump and China's retaliatory measures.

President Donald Trump proposes unprecedented tariffs on China, ranging from 50% to 100%, as a strategy to halt the Russia-Ukraine war. By targeting China's purchase of Russian oil, Trump aims to dismantle the economic support fueling the conflict.

China accused the United States of "unilateral bullying" in calling on allies to impose tariffs on China over its purchase of Russian oil, fueling tensions as Chinese and U.S officials meet in Spain to try to resolve trade disputes.

The United States raised tariffs on India to 50 percent in August, a trade barrier that Trump said included a 25 percent penalty for its purchases of Russian oil. New Delhi pushed back against the charge by pointing to other buyers of Russian energy, which included the EU, according to monitor groups.

The trade war rocked the global economy earlier this year, but relations have stabilized after a series of temporary truces. The latest pause on U.S. tariffs placed on imports from China is scheduled to expire in November, and officials from both countries are under pressure to prevent relations from backsliding.

Steel exports last peaked in 2015, before rising trade barriers and a property market boom in China that stoked demand for steel in construction reversed the trend. This time, steelmakers are maintaining exports in part by pivoting to new markets where barriers are lower or nonexistent.

Beijing has called on Brussels to abandon the weaponization of tariffs and provide a truly level playing field for Chinese electric vehicle makers, while also welcoming European automakers into China,

"I guarantee you that if Europe put on substantial secondary tariffs on the buyers of Russian oil, the war would be over in 60 or 90 days," U.S. Treasury Secretary Scott Bessent said.

The Trump administration imposed an additional 25 per cent tariff on India, effective from 27 August 2025, citing ‘India’s direct or indirect importation of Russian Federation oil ’. Compounding tariff pressures may be driving a temporary diplomatic thaw between India and China.

The courier expects low-to-moderate average daily volume growth during the holiday season, driven by large B2C retailers and brands.