Tax: “50% tax on Indian goods” – Who is most affected by Mexico’s announcement?

English Due to various reasons including purchasing oil from Russia, the US President Trump had imposed additional taxes and fines on India, which was controversial. Now, Mexico has also imposed a 50% tax on India. According to the released information, Mexican President Claudia Sheinbaum has approved a new tariff system that raises taxes on over 1,400 products imported from countries without a formal trade agreement with Mexico. India ranks third in the export market subject to Trump's tariffs, after South Africa and Saudi Arabia. Therefore, Mexico's approval of taxes on imports from Asian countries, It is said to significantly affect Indian vehicle manufacturers. Mexico's decision to raise tariffs up to 50 percent will impact exports worth $1.8 billion (approximately ₹14,940 crore) from major Indian car exporters including Volkswagen and Hyundai. Therefore, the Indian side is reportedly urging to prevent Mexico's tariff action, with the car export industry making efforts in this regard. Car exports: According to information provided by Trading Economics, in 2025, India exported goods worth $5.63 billion (₹5,085 crore). Among the exported goods, vehicles constitute the largest share. In 2025, among the goods India exported to Mexico, the value of vehicle exports alone was $1.86 billion. Following that were exports of electricity and electronic devices at $612.38 million, machinery, nuclear reactors, boilers at $560.87 million, organic chemicals at $388.04 million, aluminum at $386.03 million, and pharmaceutical products at $211.20 million. Speaking on this, Piyush Arora, Chairman of Skoda Auto, said, "India has been a strong export hub for many years." Our company alone exports to more than 40 countries from here. Mexico is one of the important export markets among the countries we export to. The increasing demand there and the attraction towards our product are the main reasons for this," he said. It is noteworthy that Skoda Auto accounts for nearly 50% of India's total car exports to Mexico, followed by Hyundai, Nissan, and Suzuki in the subsequent positions. Do you have an income tax refund? Haven't received the refund yet? How to check? Tamil <div>Tax: “Indhiya porulgalukku 50% vari” – Mexico arivippal adhika paathippu yaarukku?</div> Rashyavidamirundhu ennai vaanguvathu ullida pala vera kaaranangalal India meedhu America athipar Trump kood