Tariff war: After US, Mexico imposes up to 50% import duties on India, other Asian countries — which sector hit the hardest?

Mexico has approved significant tariff hikes, up to 50%, on imports from India, China, and other Asian nations starting in 2026 to protect its domestic industry. The move, affecting around 1,400 product lines including auto parts and vehicles, aims to boost local manufacturing and jobs, though it faces opposition from affected countries and business groups.