NEW DELHI: India and Mexico initiated discussions to promptly mitigate the impact of tariffs imposed on Indian goods by Mexico and to chart ways and means to protect trade interests.

Mexico has approved tariff hikes of up to 50 per cent from 2026 on imports of select products from Asian countries, including India and China, to protect the national industry and producers.

Citing support for local production and the correction of trade imbalances, Mexico has approved an increase in MFN import tariffs (5-50 per cent) starting in 2026 on 1,455 tariff . . .