Mexico on Wednesday approved tariff hikes of up to 50% on hundreds of goods imported from countries, including India, that it does not have a free trade agreement with, Reuters reported.

The proposal, which was passed by the Senate, will raise duties or impose new levies from April on goods such as automobiles, automobile parts, textiles, clothing, plastics and steel.

A tariff of up to 35% will be imposed on the majority of the products. The other countries that will be impacted by the tariffs include China, South Korea, Thailand and Indonesia.

The Mexican government said that the decision was aimed at protecting local employment and manufacturing, the Hindustan Times reported. Another reason was to contain the flooding of the country’s market by Chinese goods, India Today r

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