Mexico has approved tariff hikes of up to 50 per cent from 2026 on import of select products from Asian countries including from India and China. The measure has been taken to protect the national industry and producers. Other countries that will be affected by the proposed higher tariffs are South Korea, Thailand, Indonesia, Brazil, South Africa and the United Arab Emirates. This move, quite similar to US President Donald Trump’s tariff measures on Asian countries, has come as a shock.

According to a report published in the Mexican news outlet El Universal, Mexico’s Senate (Upper house of Parliament) on Wednesday modified various tariff classifications of the General Import and Export Tax Law to impose duties ranging from 5 to 50 per cent on goods ranging from everyday consumer goods suc

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