Trade impact: Mexico’s tariff hike to hit 75% of India’s exports; duties to rise up to 50% from Jan 2026
Trade impact: Mexico’s tariff hike to hit 75% of India’s exports; duties to rise up to 50% from Jan 2026
India's exports to Mexico face a significant blow from January 1, 2026, as Mexico imposes steep tariffs of up to 50% on non-FTA partners. Nearly 75% of India's $5.75 billion shipments, including autos, smartphones, and steel, will face sharply higher duties, potentially pricing them out of the market. Pharmaceuticals remain largely unaffected.
India's exports to Mexico face a significant blow from January 1, 2026, as Mexico imposes steep tariffs of up to 50% on non-FTA partners. Nearly 75% of India's $5.75 billion shipments, including autos, smartphones, and steel, will face sharply higher duties, potentially pricing them out of the market. Pharmaceuticals remain largely unaffected.
India's exports to Mexico face a significant blow from January 1, 2026, as Mexico imposes steep tariffs of up to 50% on non-FTA partners. Nearly 75% of India's $5.75 billion shipments, including autos, smartphones, and steel, will face sharply higher duties, potentially pricing them out of the market. Pharmaceuticals remain largely unaffected. 
