After US, Mexico imposes up to 50pc tariff on India
Mexico City: After the United States of America, Mexico has also imposed tariff hikes of up to 50 per cent from the year 2026 on import of select products from India.
According to Kashmir Media Service, as per a report in Mexican news outlet El Universal, Mexico’s Senate, the country’s upper house of Parliament modified various tariff classifications of the General Import and Export Tax Law to impose duties ranging from 5 to 50 per cent on goods ranging from everyday consumer goods such as clothing, footwear, appliances, and furniture.
Specifically, the decree establishes tariffs on the import of various goods in the auto parts, light cars, clothing, plastics, steel, household appliances, toys, textiles, furniture, footwear, leather goods, paper and cardboard, motorcycles, aluminium, trailers, glass and soaps, perfumes and cosmetics as per the El Universal news report.
The Senate passed the bill, with 76 votes in favour, five against, and 35 abstentions with tariffs on about 1,400 different products.
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Senator Marko Cortes, from the National Action Party (PAN), argued that the bill approved in San Lazaro only reached the Senate this Wednesday, so he questioned the intention of the legislators from Morena, the Green Party, and the Labor Party to approve a ruling without having read it.
As per the report in the Mexican news outlet Cristina Ruiz, a member of the PRI party , warned that the social impact of the tariff package could also be significant, as it affects everyday consumer goods such as clothing, footwear, appliances, and furniture.
