Mexico’s determination to roll out steep new tariffs from January *, ****has landed like a thunderclap throughout world commerce corridors, and international locations and not using a Free Trade Agreement with it—going through tariffs starting from * per cent to ** per cent on over *,*** merchandise—are bracing for the impression.
At the centre of that storm additionally sits India, for which the implications are rapid and uncomfortable. Mexico has change into a vital export vacation spot, notably for passenger automobiles, with India rating simply behind South Africa and Saudi Arabia. With the new tariff regime kicking in (** per cent from the earlier ** per cent), vehicle shipments which have carved out a robust presence in the Mexican market out of the blue discover themselves underneath strain, the aggressive edge blunted by larger landed prices.