India warns of 'appropriate measures' after Mexico's 50% tariffs, eyes FTA

• Mexico imposed a 50% tariff on Indian goods, effective January 1, 2026, targeting countries without a free trade agreement.
• India is considering "appropriate measures" to protect its exporters and has engaged with Mexico to mitigate the tariff's impact.
• Both nations are preparing to launch negotiations for a free trade agreement to stabilize trade relations.
• The tariffs aim to protect Mexico's domestic industry and address concerns about low-priced goods entering the U.S. via Mexico.
• Key Indian export sectors like automobiles, pharmaceuticals, and textiles could be significantly affected by the new tariffs.

Why It Matters: New Mexican tariffs could hurt Indian exports and trigger trade countermeasures.