Mexico to Impose 50% Tariff on India; Here’s How It Will Impact Our Exporters

On December 10, Mexico’s Senate approved raising tariffs on a broad list of imported products from countries with which it does not have free trade agreements, including India and several other Asian economies. The new tariff structure, which will be effective from January 1, 2026, will raise duties to a maximum of 50% on certain goods, while tariffs on most goods will be capped at 35%. Mexico is a critical destination for India’s automobile industry. How Important Is Mexico For India’s Exports? Mexico is India’s largest trading partner in Latin America and the USMCA is a crucial route for India’s…