India pitches quick trade deal as Mexico hikes tariffs
India is pushing for a fast-track trade agreement with Mexico after Mexico decided to slap up to 50% tariffs on over 1,400 products from countries without a free trade deal—including India.
These new taxes kick in January and hit big export sectors like cars, motorcycles, textiles, plastics, and steel.
With India's exports to Mexico worth $5.75 billion this year, there's a lot at stake.
Why does it matter?
If the deal goes through, Indian goods could dodge these steep tariffs—helping protect jobs and businesses back home.
Without an agreement, Indian exporters risk losing money and market share in Mexico (which is actually our third biggest car export market after South Africa and Saudi Arabia).
Trade groups are worried about disrupted supply chains and say these changes could make it tougher for Indian products to compete.