Mexico duty hikes to hit 75% of India Jan exports

Three-quarters of India’s exports to Mexico are set to face a major setback from 1 January 2026, according to a report released on Friday by Global Trade Research Initiative (GTRI), after the Mexican senate approved steep tariff increases on goods imported from countries that don’t have a free-trade agreement (FTA) with Mexico.

- Dhirendra Kumar

According to the report, nearly 75% of India’s $5.75 billion of exports to Mexico in FY25 will be affected by tariff hikes, fundamentally altering the economics of accessing India’s largest export destination in Latin America after Brazil. The tariff overhaul, cleared by both houses of the Mexican Congress on 11 December, raises dut