India-Mexico trade relations
India Proposes Preferential Trade Agreement with Mexico to Counter New Tariffs on $2 Billion Export Goods
Dec 16, 2025 02:52 am CST
India is pursuing a preferential trade agreement with Mexico to offset newly announced steep tariffs ranging from 5% to 50% that will affect approximately $2 billion of Indian exports starting January 2026. Commerce Secretary Rajesh Agrawal confirmed technical talks are underway to protect key export sectors including automobiles, textiles, and steel while maintaining WTO compliance.
India Promises "Appropriate Measures" in Response to Mexico's 50% Import Tariffs: Trade Tensions Rise
Dec 13, 2025 11:03 pm CST
India has warned it will take appropriate measures to protect its exporters after Mexico approved a 50% tariff increase on select Indian products effective January 2026. Officials from India's Department of Commerce are engaging with Mexico's Ministry of Economy to find mutually beneficial solutions aligned with global trade rules, as both nations explore potential free trade agreement negotiations that could shield Indian companies from these new tariffs.
Mexico Imposes 50% Tariffs on Indian Imports: Automotive Sector Faces $1 Billion Export Challenge
Dec 12, 2025 10:41 am CST
Mexico has imposed tariffs up to 50% on imports from India and other Asian nations without trade agreements, significantly impacting India's $8.4 billion trade relationship. The automotive sector faces the severest consequences, with car import duties rising from 20% to 50%, potentially affecting $1 billion in exports from companies like Volkswagen, Hyundai, and Nissan. This move comes amid pressure from the US on Mexico to reduce dependence on Asian imports, despite warnings of supply chain disruptions and domestic price increases.