Mexico has imposed up to 50% tariffs on imports from non-preferential trade partners, including India, with effect from January 1, 2026, the two nations have started discussions for a free-trade agreement (FTA). Analysts said the key targets of the South American nation’s unilateral decision to raise tariffs are autos, auto parts, textiles, apparel, plastics, steel, metals and footwear.

Under the decision, Mexico will impose steep import tariffs – ranging from about 5 per cent to as high as 50 per cent on a wide range of goods (about 1,463 tariff lines) from countries that do not have free trade agreements with Mexico, including India, China, South Korea, Thailand and Indonesia. However, the list of items covered is yet to be officially notified. The higher duties will take effect on Janu

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