📊Executive Summary

India has raised strong objections to Mexico's recent decision to increase import tariffs on various products, including electronics, by up to 50%. This move, effective January 1, 2026, targets imports from countries without Free Trade Agreements, including India, and is aimed at boosting Mexico's domestic manufacturing. Indian exporters, particularly in the automotive and electronics sectors, are concerned about the impact on their businesses. The Indian government is engaging with Mexico to seek special concessions and is considering negotiations for a Free Trade Agreement. This tariff increase could significantly affect procurement strategies for companies sourcing from Mexico, as it alters the cost structure and sourcing dynamics....