import tariffs
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.
Trump's 100% Pharmaceutical Tariffs: Potential Impact on India's $8.7 Billion US Drug Exports
Sep 26, 2025 01:18 pm CST
US President Donald Trump has announced 100% tariffs on branded and patented pharmaceutical imports starting October 1, 2025, unless companies build manufacturing facilities in America. This decision could significantly impact India's pharmaceutical sector, which exported $8.7 billion in medicines to the US in FY24, representing 31% of India's total pharma exports. With Indian companies supplying 45% of US generic drugs, both nations face potential consequences including price increases and supply disruptions.