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As India reels amid steep tariff hike by Mexico, ranging up to 50 per cent, an authoritative said New Delhi is actively engaging with Mexican authorities implicit what it views arsenic a “unilateral” determination to rise duties connected a wide scope of products. The discussions, the authoritative said, are aimed astatine uncovering solutions beneficial to some countries, portion keeping unfastened the enactment of protecting Indian exporters’ interests. The comments were made to PTI. The tariff increases use to countries that bash not person escaped commercialized agreements with Mexico, including India, China, South Korea, Thailand and Indonesia. According to the official, India had raised concerns adjacent erstwhile the archetypal measure was introduced. India’s Embassy successful Mexico approached the Mexican Ministry of Economy connected September 30, seeking peculiar information to shield Indian exports from the revised tariff structure. “India values its concern with Mexico and stands acceptable to enactment collaboratively toward a unchangeable and balanced commercialized situation that benefits businesses and consumers successful some countries,” the authoritative said. India and Mexico are besides preparing to statesman discussions connected a escaped commercialized agreement, with ceremonial dialog parameters expected to beryllium finalised shortly.
Analysts judge specified an statement would assistance insulate Indian companies from the caller duties, which were implemented nether American unit to align Mexican tariffs with US measures against China and to curb indirect shipments into the American market. The Mexican Senate approved the tariff authorities connected December 11, with ratification by some chambers of Congress. The determination is intended to fortify home manufacturing and trim commercialized imbalances. Under the decision, import duties ranging from 5 to 50 per cent volition use to astir 1,463 merchandise categories from countries without escaped commercialized agreements with Mexico, including India. The elaborate merchandise database has not yet been published. The revised tariffs volition travel into effect from January 1, 2026. “The Department of Commerce is engaged with Mexico’s Ministry of Economy to research mutually beneficial solutions which align with planetary commercialized rules,” the authoritative said. A senior-level treatment has already taken spot betwixt Commerce Secretary Rajesh Agrawal and Mexican Vice Minister of Economy Luis Rosendo, with further technical-level meetings planned. “India reserves the close to instrumentality due measures to safeguard the interests of Indian exporters, portion continuing to prosecute a solution done constructive dialogue,” the authoritative added. The authoritative noted that the existent interaction connected Indian exports would beryllium connected however captious these goods are to Mexican proviso chains, arsenic good arsenic the quality of Indian companies to unafraid exemptions oregon walk connected costs to Mexican consumers. India, the authoritative said, views unilateral MFN tariff increases without anterior consultation arsenic inconsistent with the principles of predictability and transparency underpinning cooperative economical engagement and the multilateral trading system. The authorities is continuing its appraisal of Mexico’s tariff changes portion remaining successful adjacent interaction with each stakeholders. Industry bodies person voiced interest implicit the move. FIEO Director General Ajay Sahai warned that the determination could impact sectors specified arsenic automobiles, machinery, electrical goods, chemicals, pharmaceuticals, textiles and plastics. “Such steep duties volition erode our competitiveness and hazard disrupting proviso chains that person taken years to develop,” Sahai said, according to PTI, calling for faster advancement connected a broad commercialized agreement. ACMA has besides indicated that Indian car constituent manufacturers could look higher outgo pressures owed to the accrued duties connected exports to Mexico. India’s exports to Mexico stood astatine $5.75 cardinal successful 2024–25, portion imports from Mexico were valued astatine $2.9 billion.
