China warned Mexico of countermeasures after the country announced plans to raise tariffs on Asia-made cars to 50% from 20%, according to CNBC. China urged Mexico to reconsider its planned tariff hike, stressing their mutual trade ties and warning against harming economic cooperation. Mexico’s Economy Secretary Marcelo Ebrard said the country plans to raise tariffs on Asia-made cars pending congressional approval. Mexico’s proposed tariffs on Chinese cars are included in a federal budget plan impacting $52 billion of imports, The Wall Street Journal reported. China has countered U.S. trade tensions by restricting exports of key minerals for cars and advanced technology, where its companies dominate the supply chain.