New Delhi: Just when Prime Minister Narendra Modi’s phone conversation with US President Donald Trump triggered speculations that the massive American trade tariffs may be eased at some point, Mexican lawmakers on Thursday gave approval for enhanced tariffs on Asian imports, reports claimed. This means tariffs of 5–50% will be levied on goods exported from countries such as India. However, the tariff is not just for India but also for China.

Two years ago, Mexico had imposed this rate on some categories of products from countries with which it does not have a Free Trade Agreement (FTA), according to a report published in The Hindu. ADVERTISEMENT

According to the finance ministry in Mexico, the new tariffs will raise nearly 52 billion pesos ($2.8 billion) in extra revenue, reported the

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