India is preparing to significantly open its tightly protected automobile market by sharply cutting import duties on cars from the European Union, according to sources familiar with the negotiations. Under a proposed India–EU free trade agreement, import tariffs on select European cars could be reduced to 40% from the current…
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Mexico Tariffs Hit India: Auto, Steel, Textiles Face Pain
Mexico’s senate has approved higher duties from 5% up to 50% on more than 1,400 products from countries without FTAs. The move, aimed chiefly at Chinese imports, will nonetheless affect Indian exporters of cars, steel and garments and comes into force from 2026. What was approved and when it takes…