Mexico duty to hit 75% of exports: GTRI

MEXICO'S DECISION TO hike tariffs on imports from India by upto 50% will impact 75% of the $5.75 billion worth shipments to the country, according to an analysis by Global Trade Research Initiative (GTRI).

- FE BUREAU

Automobiles and auto components, India’s largest export segment to Mexico, will be among the worst affected.

Passenger vehicles, with exports of $938.35 million in FY25, face a tariff increase from 20% to 35%, sharply eroding price competitiveness in a market increasingly shaped by US Mexico Canada (USMCA) sourcing rules.