Mexico Parliament nod to tariffs on India, others prompts FTA push by exporters

Mexico will impose significant tariffs on imports from countries like India starting January 1, 2026. This move could impact India's annual shipments worth $5.75 billion. Tariffs will range from 5-50% on over 1,400 products. Indian exporters are concerned about competitiveness and are pushing for a trade deal with Mexico. This could also help bypass US tariffs.