Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Well, Mexico just got more expensive for Americans (and Mexicans)
Eye on Trump strongholds, Mexico hits back with pork, bourbon tariffs

MEXICO CITY (Reuters) - Mexico imposed wide-ranging tariffs on American products ranging from steel to pork and bourbon on Tuesday, responding to President Donald Trump’s metals tariffs and taking aim at Republican strongholds ahead of U.S. congressional elections in November.

Mexico’s retaliation further raises trade tensions between the two countries, which have been echoed in dealings between Washington and Ottawa. Trump last week rattled some of the closest U.S. allies by removing an exemption to tariffs on imported steel and aluminum that his administration had granted to Mexico, Canada and the European Union.

Meanwhile, Trump advisor Larry Kudlow revived the possibility on Tuesday that the president will seek to replace the trillion dollar North American Trade Agreement (NAFTA) with bilateral deals with Canada and Mexico.
Más vale pocos pelos, pero bien peinados.
Mexico to start WTO dispute settlement over U.S. tariffs

MEXICO CITY (Reuters) - Mexico will start a dispute settlement process at the World Trade Organization over U.S. tariffs on steel and aluminum, its economy ministry said on Monday, joining the European Union in seeking WTO involvement against the new measures.

Mexico’s economy ministry, in a statement on Monday, said it believed the U.S. measures, which impose tariffs of 25 percent on steel and 10 percent on aluminum, violate WTO rules.

“The Mexican government asserts that its actions will continue adhering to the rule of international trade law and will be proportional to the damage that Mexico unfortunately receives,” the statement said.

Mexico previously said it would hit back against the U.S. tariffs with “equivalent” measures, by targeting U.S. farm and industrial products ranging from pork legs and fruit to steel.

Canada and the EU took similar actions, also pledging new tariffs on a range of products.

The European Union on Friday also submitted a request for consultations with the United States on steel and aluminum tariffs, a first step in the WTO dispute settlement process, a WTO official said.

The tariffs are part of U.S. President Donald Trump’s effort to protect U.S. industry from what he described as unfair international competition, and have complicated talks with Mexico and Canada to retool the North America Free Trade Agreement.
Más vale pocos pelos, pero bien peinados.


Forum Jump:

Users browsing this thread: 1 Guest(s)

 USA Dollar to  MX Peso Converter