Mexico is planning to establish a “task force” to involve US companies in the process of reducing imports from China, the country’s economy minister told a group of auto suppliers at a private meeting Friday in Detroit.

Mexican President Claudia Sheinbaum has announced a set of tax and financial incentives to encourage nearshoring and a plan to further curb the entry of cheap Chinese imports. She presented the country's industrial policy, Plan Mexico, to government officials and business leaders at the National Museum of Anthropology in the country's capital.

The announcement comes two weeks after Mexico pledged a a 19% duty on goods entering the country via courier from nations without trade agreements like China