Mexico's Tariff Hike to Disrupt 75% of India's Exports by 2026: GTRI

• Mexico will significantly raise import duties on goods from non-FTA countries, including India, starting January 1, 2026.
• Nearly 75% of India's $5.75 billion exports to Mexico will be affected, with tariffs increasing from 0-15% to around 35%, and up to 50% for some sectors.
• Key Indian export sectors like automobiles, auto components, smartphones, and steel will face substantial tariff hikes, impacting competitiveness.
• Pharmaceutical exports from India are expected to be less affected by the new tariff regime.
• Mexico's tariff hike aligns with U.S. trade policies; India is unlikely to retaliate and will focus on export diversification.

Why It Matters: Mexico's new tariffs will severely hit India's exports, disrupting trade and supply chains.