Mexico Slaps 50% Tariffs on India | $1 Billion Indian Exports at Risk |
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#india #mexico #tariffs
Mexico has announced 50% import tariffs on India and several Asian countries including China, South Korea, Thailand, and Indonesia, posing a major threat to India’s $1 billion export market. These new Mexico import duties—effective January 1, 2026—target auto parts, light vehicles, textiles, plastics, steel, toys, footwear, leather goods, electronics, household appliances, cosmetics, aluminium, paper, motorcycles, and more.
With India being Mexico’s 3rd largest car export destination, major automakers such as Maruti Suzuki, Volkswagen, Hyundai, and Nissan are expected to face severe setbacks as import duty rises from 20% to 50%. Mexico says the move aims to protect domestic industries, reduce reliance on Asian imports, and counter massive trade imbalance—especially with China. Analysts, however, believe it may also be politically aligned with US expectations under the USMCA trade review.
This video breaks down why Mexico imposed tariffs, how India will be impacted, industry reactions, and the global trade consequences. A must-watch for anyone following international trade, auto industry exports, economic policies, and geopolitical shifts.
Mexico Slaps 50% Tariffs on India | $1 Billion Indian Exports at Risk |
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