A new trade dispute has emerged between China and Mexico after Mexico increased tariffs on a wide range of imported goods. China has stated that these measures act as barriers to trade and investment.

President Donald Trump has repeatedly discussed imposing tariffs, both during the campaign and since taking office, and the first tranche, on goods from Canada, China and Mexico will take effect Feb.

As shippers reevaluate their sourcing options, Mexico is gaining ground as a nearshoring hub and stealing import share from China. Shipment volume from Mexico to the U.S. increased 20 percent ...