Mexico's Senate Wednesday voted in favour of a bill that imposes tariffs of 5% to 50% on over 1,400 products from Asian nations, including India. The levies will take effect from next year and hit products ranging from clothing to auto parts, with the massive output of Chinese factories emerging as the legislation's focus.

For India, which has a trade surplus with Mexico, this could be bad news for automobiles and auto parts. Annual exports of firms such as Volkswagen, Hyundai and Maruti Suzuki added up to around $1.1bn with 90,000 units being shipped. Two-wheeler brands like Royal Enfield, TVS, Bajaj and Honda may also be hit. After the US, now Mexico is erecting tariff barriers for countries with which it does not have a trade agreement, including India. Mexico's Senate on Wednesday v

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