Mexico Slaps 50% Tariffs on India: Automobile Sector Hit Hardest

Mexico has imposed tariffs as high as 50 per cent on imports from India and several other Asian nations lacking trade agreements with Mexico City.This decision follows the United States’ lead and comes amid intense pressure from Washington on Mexican President Claudia Sheinbaum’s administration to reduce business ties with China.Local business groups have opposed the move, cautioning that it will
Mexico has imposed tariffs as high as 50 per cent on imports from India and several other Asian nations lacking trade agreements with Mexico City.This decision follows the United States’ lead and comes amid intense pressure from Washington on Mexican President Claudia Sheinbaum’s administration to reduce business ties with China.Local business groups have opposed the move, cautioning that it will
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