In a significant shift from its free-trade tradition, Mexico has approved tariffs of up to 50% on imported goods from China and various Asian nations, including India. This move is expected to impact approximately $1 billion worth of exports from India, particularly in the automotive sector, with companies like Volkswagen, Hyundai, Nissan, and Maruti Suzuki facing potential setbacks. The tariff hikes have sparked backlash, drawing criticism from China, which urges Mexico to reconsider this protectionist approach. This development comes amid growing tensions in global trade, following similar actions taken by the United States.