Mexico’s Congress has approved a sweeping tariff overhaul that will raise duties on a broad range of imports from countries without a free-trade agreement, including India, China, South Korea, Thailand, Indonesia and other countries with which Mexico doesn’t have free trade agreements, in a move aimed at protecting domestic industry and advancing its strategic economic ties with the US.

The legislation, passed by the Mexican Senate on Wednesday with strong support in both chambers, will take effect on January 1, 2026, and imposes duties of up to 50 per cent on key products, including automobiles, auto parts, textiles, clothing, plastics and steel. Most items are expected to carry new or increased tariffs capped at around 35 per cent under the final version of the Bill.

For India, which d

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