As per a new Mexican Senate decision on tariffs, Asian countries, including China and India, will be hit with new duties of up to 50% in the new year, according to a Reuters report. The bill in question passed with 76 votes in favour and five against it. 35 abstentions were also recorded. In a move similar to Donald Trump’s ‘America First’ agenda, Mexican President Claudia Sheinbaum is going forward with new tariffs on Asian imports to prioritise the local industry. On Wednesday, the country’s Senate gave a final go-ahead to the tariffs bill that will hit more than 1,400 products from Asian countries that don’t have a trade deal with Mexico with duties ranging between 5% and 50%, as per Bloomberg.