India considers retaliation after Mexico's 50% tariff on imports.
India is contemplating retaliatory measures in response to Mexico’s recent decision to impose a 50% tariff on imports, effective January 1, 2026. The tariffs target non-FTA partners and are seen as a move to protect local industries, drawing parallels to U.S. trade actions, particularly against Chinese goods. With Indian exports to Mexico significantly outpacing imports, concerns have been raised about potential disruptions to established supply chains in sectors like pharmaceuticals and textiles. As negotiations for a bilateral free trade agreement progress, India aims to mitigate tariff impacts while maintaining a diplomatic approach to foster stable trade relations and promote its “Make in India” initiative amidst increasing global protectionism.
