New Delhi: India’s Department of Commerce has engaged with Mexico to explore ‘mutually beneficial solutions’ after the Latin American country slapped a 50 per cent tariff on select products from India.
It is reported citing an official that New Delhi has warned of taking ‘appropriate measures’ to protect its interests.
A Mexican daily El Universal earlier reported that the country slapped tariff on goods including auto parts, light cars, clothing, plastics, steel, household appliances, toys, textiles, furniture, footwear, leather goods, paper, cardboard, motorcycles, aluminium, trailers, glass, soaps, perfumes, and cosmetics, NDTV reported.
Mexico’s tariff against India comes after President Trump’s similar actions weeks ago which strained the ties between India and the US.
Without backing down from his tariff war, Trump has announced plans to slap more tariff the other day on rice imports from India.
‘India reserves the right to take appropriate measures to safeguard the interests of Indian exporters, while continuing to pursue a solution through constructive dialogue,’ the official said.
New agency PTI reported citing the official that India’s ‘The Department of Commerce is engaged with Mexico's Ministry of Economy to explore mutually beneficial solutions which align with global trade rules’.
In order to iron out differences, Commerce Secretary Rajesh Agrawal and Mexico's Vice Minister of Economy Luis Rosendo held a high-level meeting, suggesting follow-up meetings.
New Delhi pointed out that unilateral increase in MFN (most favoured nation) tariffs without prior discussion was against ‘spirit of our cooperative economic engagement’, adding that it does not ‘align’ with ‘the principles of predictability and transparency’ essential for multilateral trading system.
Mexico’s tariff action, aimed at protecting the country’s domestic industry and producers, will come into effect on January 1, 2026.
"India values its partnership with Mexico and stands ready to work collaboratively toward a stable and balanced trade environment that benefits businesses and consumers in both countries," the official reportedly added.