Kathmandu – Mexico’s Senate has approved a proposal to increase tariffs by up to 50 percent on imports from India, China and several other Asian countries. The increased tariffs will take effect next year, The Economic Times reported.
The move would impose new or higher tariffs on goods imported from countries that do not have trade agreements with Mexico, including China, India, South Korea, Thailand, Indonesia, and others.
Under the new rules, products such as autos, auto parts, textiles, clothing, plastics, and steel will be subject to tariffs of up to 50 percent starting in 2026. Most other items will have a maximum rate of 35 percent.
The Senate passed the bill with 76 votes in favor, five against, and 35 abstentions. Although Chinese officials and domestic business chambers criticized the policy change, lawmakers pushed it forward. Agency
