Mexico's Senate just gave the green light to some pretty aggressive tariff increases—we're talking up to 50% on goods coming in from China and a handful of other Asian nations starting next year. The stated goal? Boost domestic manufacturing and protect local industries.

Naturally, business groups aren't thrilled. Neither are the governments getting hit with these tariffs. They're pushing back hard, arguing this could mess with supply chains and drive up costs across the board.

It's another chapter in the ongoing trade tensions reshaping global economic flows. Whether this actually helps Mexican industry or just sparks retaliation remains to be seen. But one thing's clear: protectionist moves like this ripple out fast, and markets—crypto included—tend to react when trade barriers go up.