Mexico's 50% Tariff: Indian Exports, Autos & Tiles Hit Hard

• Mexico has imposed tariffs of up to 50% on various products, affecting countries without trade agreements, including India.
• The new tariffs will impact key Indian exports to Mexico, such as passenger vehicles, auto parts, textiles, and steel.
• India exported $1.9 billion in passenger vehicles to Mexico in 2024, making it a significant market for Indian cars.
• Mexico heavily relies on India for products like aluminum (53% of imports), ceramic tiles (over 50% market share), and tractors (64% market share).
• Approximately 10% ($580 million) of India's $5.6 billion exports to Mexico are in categories where India holds a dominant market share.

Why It Matters: Mexico's 50% tariff hike poses a major challenge for Indian exporters.