New Delhi, Dec. 11 -- Mexico's Lower House of parliament has approved a sweeping tariff package of up to 50 per cent from the year 2026 on the import of select products from Asian countries, including India and China, to protect its indigenous industry and producers, local media reports.
This marks the Mexican government's most aggressive moves in recent years to bolster domestic industry and narrow its trade deficit.
The measure was passed in the Lower House on Wednesday with 281 votes in favour, 24 against and 149 abstentions, but still requires the approval of the Senate - the Upper House.
As reported, the move has already triggered concern among Mexican industry groups over potential supply chain disruptions and cost pressures.
Mexi...