Mexico's Congress approves higher tariffs on goods from India, China and non-FTA nations
Washington (PTI): Mexico's Congress has approved a bill that seeks to impose higher tariffs on imports from India, China, Brazil and several other countries with which the North American nation doesn't have free trade agreements.
The bill, which is set to take effect on January 1, 2026, was passed by Mexico's Senate on Wednesday after the lower house approved it.
The development comes months after US President Donald Trump imposed a steep 50 per cent tariffs on Indian goods entering American markets, including 25 per cent for Delhi's purchases of Russian oil, in August.
The bill, submitted to Congress by President Claudia Sheinbaum in September, proposes modifications to 1,463 tariff categories (or products) covering more than a dozen sectors, including auto parts, light vehicles, plastic, toys, textiles, furniture, footwear, clothing, aluminium and glass, according to the Mexico News Daily.
The proposed tariffs range from 5 per cent to 50 per cent.
Among the other countries that will be affected by the proposed higher tariffs are India, China, South Korea, Thailand, Indonesia, Brazil, South Africa and the United Arab Emirates, the daily said.
China will be the most affected country.
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The paper said that the government believes that the proposed tariffs would generate additional revenue of USD 3.8 billion per year.
The Mexican government is aiming to reduce reliance on imports from Asian countries, especially China, it added.
The proposal to increase tariffs on China and other countries with which Mexico doesn't have free trade agreements represents “an alignment with US trade policy,” Horacio Saavedra, a Mexican diplomat, was quoted as saying by the news outlet La Silla Rota.
“The [tariff] measure responds to the shared concern of Mexico and the US about practices that have affected national industries, especially textiles, clothing and certain manufacturing sectors,” Saavedra said.
India was Mexico's 9th largest trading partner in 2023, with a trade of USD 10.58 billion. The bilateral trade in 2023 consisted of Indian imports of USD 2.54 billion and exports of USD 8.03 billion to Mexico.
In the trade basket from the Indian side, the most important items of export are automobiles and auto parts, pharmaceuticals, engineering goods and chemical products.
From the Mexican side, the most important item is crude oil. Other products of export to India are gold and related jewellery, chemical compounds and telephone machinery.
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B’luru: Actor Kishore Kumar criticises political use of ‘Vande Mataram’, says slogan being misused
Bengaluru: Pan India Actor Kishore Kumar has criticised what he calls an attempt to use the national song Vande Mataram for political gain by dividing people on religious lines.
On Thursday, he posted on Facebook a picture of Prime Minister Narendra Modi speaking in the Lok Sabha, with the caption ‘Jai Shri Ram to Vande Mataram.’ In his post, Kishore said the song, which once energised the freedom movement and united people across India, was now being turned into a tool for political advantage.
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He wrote that expressions once used to welcome others with love were being taken over and converted into war cries and weapons of hatred, especially against Muslims. Just as this shift happened, he said, those in power who had no role in the freedom struggle and had no hesitation in selling what true patriots created, were now trying to appropriate a song used by freedom fighters.
Kishore also said many serious issues such as the falling value of the rupee, the state of the economy, weakening democratic institutions, what he called false GDP claims, unfulfilled promises to farmers, healthcare challenges, unemployment, situations in Manipur and Ladakh, and the arrests of scientists and scholars were being ignored.
According to him, the government had shown that it was unable to deal with real problems. He said their only approach now was to divide people and distract them, expressing his frustration over the current political climate.
