India has expressed strong discontent following Mexico’s decision to increase import tariffs by 50%. The Indian government, through its Commerce Secretary Rajesh Agrawal, has indicated that this move could lead to retaliatory actions. Agrawal stated that high-level discussions have already taken place with Mexican officials, including the Vice Minister of Trade, to address the issue.
The tariff hike, which affects a range of goods, has raised concerns among Indian exporters who fear a significant impact on trade relations between the two countries. India has urged Mexico to reconsider the increase, emphasizing the importance of maintaining a balanced trade environment.
In response to the tariff changes, Indian officials are reviewing potential measures to protect their economic interests. The government has not specified what these measures might entail but has made it clear that they will be appropriate and measured.
Trade between India and Mexico has been growing, with both countries benefiting from increased economic cooperation. However, this recent development could strain relations and affect future trade negotiations. The situation remains fluid as both nations seek to resolve the issue amicably.
