Mexico Slaps 50% Tariffs On India. $1 Billion Exports In Crosshairs

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According to the Mexican government, the rationale is rooted in industrial protection and economic policy. President Claudia Sheinbaum’s administration argues that higher tariffs are necessary to shield domestic manufacturing and jobs from what it views as excessive import competition, particularly in sectors such as autos, textiles, steel, plastics, footwear and other consumer and intermediate goods.