India in talks with Mexico over tariff hike, explores free trade pact to protect exporters

India is in talks with Mexico over new tariffs on imports from countries without free trade agreements, which could impact Indian exports starting January 1, 2026. Both countries are considering launching free trade agreement negotiations to help shield Indian exporters from the higher duties. Indian industry groups warn the steep tariffs could hurt sectors like automobiles, machinery, chemicals, and textiles, urging a fast-track trade deal.