Trade negotiations between the United States and India remain stalled, with the Indian government signaling concerns over U.S. entry into its agricultural sector, effectively putting a halt to any commercial agreement. Following the imposition of a massive 50% tariff by the U.S. on Indian imports, India faces a new challenge in the ongoing global trade war, with another country forming an alliance against New Delhi.
On Wednesday, Mexico’s Senate approved a proposal to impose tariffs as high as 50% on imports from India, China, and several other Asian nations. Political analysts suggest this move aims to appease former U.S. President Donald Trump.
These tariffs are set to take effect on January 1 of the new year. The increase will apply to vehicles, auto parts, clothing, plastics, and various goods imported from countries without a trade agreement with Mexico. Experts predict that this could significantly impact countries like India, South Korea, China, Thailand, and Indonesia. The Mexican government plans to generate an additional $3.76 billion in revenue next year, roughly equivalent to 33,910 crore rupees.
Reports indicate that Mexico’s President, Claudia Sheinbaum, is focused on boosting domestic production. However, analysts believe that these measures are primarily aimed at satisfying Trump. Furthermore, Washington is expected to revisit the United States-Mexico-Canada Agreement (USMCA) soon, which designates the U.S. as Mexico’s largest trading partner. Thus, it appears that Sheinbaum is moving proactively to placate Trump ahead of this evaluation.
Earlier this year, Mexico had already increased tariffs on Chinese products, and this latest tariff hike represents an escalation in trade tensions. For several months, Trump has expressed concerns regarding Mexico and has persistently criticized the Sheinbaum administration.
In recent weeks, Trump has threatened to impose a 50% tariff on Mexican steel and aluminum. He has also suggested an additional 25% tariff in response to Mexico’s failure to curb the entry of opioid fentanyl into the U.S., along with a demand for an extra 5% tariff.
Trump claims that a 1944 agreement regarding water usage between the U.S. and Mexico benefits American farmers, and he accuses Mexico of violating this agreement, thus justifying the additional tariffs.
The imposition of tariffs by Mexico on Indian products could have a profound impact on bilateral trade between the two nations. In 2024, trade between both countries reached an all-time high of $11.7 billion. Currently, India ranks ninth in the list of Mexico’s export partners, with trade volumes between the two countries increasing significantly.
Recent figures show that in 2024, India’s exports to Mexico were approximately $8.9 billion, while imports were around $2.8 billion, resulting in a substantial trade balance tilt favoring New Delhi. The main exports from India to Mexico included motor vehicles, auto parts, and other passenger carriers. However, with the impending new tariffs, it is anticipated that India may face serious losses in its exports next year.
Original Source: https://assam.nenow.in/mexico-announces-up-to-50-percent-tariffs-on-india/
Category: অসম,আন্ত: ৰাষ্ট্ৰীয়,উত্তৰ-পূব,দেশ,বাণিজ্য,শীর্ষ সংবাদ
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Publish Date: 2025-12-11 17:59:00
