South Korea’s Ministry of Trade, Industry and Energy (MOTIE) said Wednesday it convened a joint government-industry meeting in Seoul to assess potential fallout from Mexico’s plan to raise import tariffs on countries without a free trade agreement. The Mexican government announced it will raise tariffs on imported goods, such as textiles, steel and automobiles. South Korean officials reviewed how the measure could affect Korean companies and discussed response strategies, noting that details of the Mexican proposal have not yet been announced.

MOTIE said Korean auto and home appliance manufacturers have built plants in Mexico to ship finished goods to the