Mexican Senate passed bill raising import tariffs up to 50% from 2026 on goods from India, China, others without trade pacts, targeting textiles, steel, auto parts to protect local industry.
India's $8.9B exports to Mexico in 2024 face higher duties, potentially impacting trade surplus.
*Business event analysis, not a stock prediction.
Move aims to shield Mexican manufacturers and reassure US ahead of USMCA review.