Brief by Shorts91 Newsdesk / 07:04pm on 11 Dec 2025,Thursday India Global
Mexico imposed tariffs of 5-50% on over 1,400 products from non-preferential trade partners including India, China, and Thailand, effective January 1, 2026. The move threatens India's $5.75 billion annual exports to Mexico, particularly $1 billion in automobile shipments from Maruti Suzuki, Volkswagen, Hyundai, and Nissan. Passenger vehicle duties rise from 20% to 50%. Engineering goods dominate India's exports at 61% ($3.5 billion), with automobiles comprising one-third. Mexico is India's third-largest car export market after South Africa and Saudi Arabia. FIEO called the timing "wrong" as exporters already struggle with 50% US tariffs. The Society of Indian Automobile Manufacturers urged maintaining status quo in November.(PC: HT)
