Mexico tariffs: India is in talks with Mexico over the South American country’s recent announcement of unilaterally raising tariffs on a number of Asian countries’ products, including New Delhi, an official said on Saturday.
According to a PTI report, while India is engaging with Mexico to find mutually beneficial resolutions, New Delhi reserves the right to take appropriate measures to protect the interests of its exporters.
India, China, South Korea, Thailand and Indonesia are among the countries facing steep Mexico tariffs up to 50%, as they do not have a free trade agreement with the nation.
“The Department of Commerce is engaged with Mexico’s Ministry of Economy to explore mutually beneficial solutions which align with global trade rules,” the official said.
(This is a developing story. Check back for updates)