Bhaag Viru Bhaag
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Countries that do not have a trade deal with Mexico will be impacted, like India, South Korea, China, Thailand, and Indonesia.
Four months after the US imposed 50 per cent tariffs on India for most goods, Mexico has approved levies of up to 50 per cent on the import of select products from Asian countries, including from India and China.The tariffs that are imposed to protect the national industry and producers are set to come into effect from January 1, 2026.
Four months after the US imposed 50 per cent tariffs on India for most goods, Mexico has approved levies of up to 50 per cent on the import of select products from Asian countries, including from India and China.
The tariffs that are imposed to protect the national industry and producers are set to come into effect from January 1, 2026.
Why Is Mexico Imposing Tariffs?
The Mexican government is seeking to reduce reliance on imports from Asian countries, especially China, with which it has a significant trade imbalance. Meanwhile, China on Thursday said that it has "always opposed unilateral tariff hikes in all forms" and urges Mexico to "correct its wrong practices of unilateralism and protectionism at an early date."China will be the most impacted, as Mexico imported $130 billion worth of products from the country in 2024.
The proposed tariffs are also expected to generate additional revenue of US $3.8 billion (about Rs 33,910 crore).
Mexican President Claudia Sheinbaum also wants to provide greater protection for the country's industry and increase domestic output.
"We believe that supporting [Mexican] industry is to create jobs." Deputy Ricardo Monreal, Morena's leader in the Chamber of Deputies, said, per mexiconewsdaily.com.
However, according to Mexican economic news outlet El Financier, analysts believe the tariffs are intended to appease the US ahead of the United States-Mexico-Canada review.




