In a move set to ignite trade tensions, India has registered a strong protest against Mexico’s proposed plan to significantly hike import tariffs on specific products originating from the South Asian nation.
New Delhi has not just voiced its displeasure but has also issued a clear warning, indicating that it is prepared to undertake ‘appropriate retaliatory measures’ should Mexico proceed with its substantial 50% tariff increase. This development underscores the delicate nature of international trade relations and the firm stance nations are willing to take to protect their economic interests.
The global community will be closely observing how this situation unfolds, and what specific actions India might consider in response to Mexico’s contentious tariff decision.
Source: Original Article
