Mexico just approved tariffs up to 50% on 1,400+ Indian goods

starting Jan 2026, hitting $1B auto exports & $900M steel. Indian exporters now pushing govt for urgent FTA talks to counter the blow 🚨 🚗 𝗔𝘂𝘁𝗼 𝗦𝗲𝗰𝘁𝗼𝗿 𝗧𝗮𝗸𝗲𝘀 𝗕𝗶𝗴𝗴𝗲𝘀𝘁 𝗛𝗶𝘁 Car import duties jump from 20% to 50%, threatening $800M-$1B exports from Volkswagen, Hyundai and other manufacturers. Auto components face 20% tariff hike, severely impacting India's fastest-growing export market in North America. 🏭 𝗦𝘁𝗲𝗲𝗹 & 𝗠𝗮𝗻𝘂𝗳𝗮𝗰𝘁𝘂𝗿𝗶𝗻𝗴 𝗨𝗻𝗱𝗲𝗿 𝗣𝗿𝗲𝘀𝘀𝘂𝗿𝗲 Iron and steel exports worth $900M annually now face 35-40% tariffs, hitting companies like Tata Steel hard. Textiles, apparel and footwear ($500-600M) will attract 30-35% duties, pushing mass-market goods out of competition.