global trade barriers
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.
India Advancing Global Trade Relations: Minister Goyal Announces Negotiations with US, EU and Other Nations
Nov 14, 2025 09:20 pm CST
Commerce Minister Piyush Goyal reveals India's ongoing free trade negotiations with the US, EU, and several other countries while emphasizing reduced trade barriers and announcing collaboration with Andhra Pradesh for a world-class convention center and technological developments including Drone City and Space City projects.