Exclusive: Mexico tariff hike to hit $1 billion India car exports despite automaker lobbying
Reuters·2025-12-11 16:43
Mexico's decision to raise tariffs as high as 50% will affect $1 billion worth of shipments from major Indian car exporters, including Volkswagen and Hyundai, despite industry lobbying to persuade New Delhi to prevent such a move, according to two sources and a letter from an industry group reviewed by Reuters. ...