Why Mexico slapped 50% tariff on India, how it matters

Mexico is implementing significant tariff increases on imports from countries without free trade agreements, including India, China, and Vietnam, aiming to protect domestic industries and boost revenue. This move, potentially influenced by US trade pressures, could impact Indian auto exports and reshape global supply chains.

Mexico’s Senate has greenlit significant tariff increases, potentially reaching 50%, on imports from China and other Asian nations starting in 2026. This move, aimed at strengthening domestic industries, will impact goods like autos, textiles, and steel from countries without trade agreements. Business groups and affected governments have voiced their opposition to the new duties.

United States trade officials report receiving unprecedented offers from India on a proposed bilateral trade agreement. Negotiators are currently in New Delhi for further discussions. While progress is noted, some resistance exists regarding specific agricultural products and meats. Both nations aim to finalize the initial phase of the agreement, with trade experts advising caution on […]

India has raised concerns at the World Trade Organization regarding a China-led proposal for an investment facilitation agreement. New Delhi argues that discussions on investment are outside the WTO’s trade agreement framework. India emphasizes that such plurilateral agreements should remain exceptions, not the norm.

India’s trade talks with the European Union and the United States are moving forward. Commerce Minister Piyush Goyal expressed confidence in early agreements. A US team is currently in New Delhi for discussions. Negotiations with Chile and Oman are also nearing completion. India is also pursuing trade pacts with Qatar and Israel.

US Under Secretary Allison Hooker met with Indian Foreign Secretary Vikram Misri to advance the vision set by Presidents Trump and Modi. Discussions focused on tangible progress in defense, energy, technology, space, and supply chain resilience, aiming to boost US security and jobs while supporting India’s growth.

US President Donald Trump has warned India about “dumping” rice into the American market. He suggested that tariffs could be imposed on Indian rice imports. This statement comes as US trade negotiators prepare for talks in India. Indian exporters believe new tariffs will have minimal impact on their trade.

India and the EU held intensive discussions last week to expedite the conclusion of their long-pending free trade agreement. Both sides noted steady progress across various negotiating tracks and agreed to maintain momentum through continued exchanges. Ministerial talks reaffirmed strong political resolve to address pending issues constructively for a mutually advantageous outcome.

India and the European Union are set to speed up talks for a free trade deal. Commerce Minister Piyush Goyal and EU Commissioner Maros Sefcovic met to push for an early agreement. Both sides noted good progress in technical discussions. They are committed to resolving pending issues constructively. The aim is a comprehensive and beneficial […]

India is actively addressing the impact of US tariffs on its exports. The government is pursuing a comprehensive strategy. This includes engaging with the US for a beneficial trade agreement. Measures are also in place for immediate relief and to boost trade diversification. Negotiations for FTAs with other nations are ongoing.