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CE Abdullah Meets Pakistanís President             Denmark, Norway Eye Kabul Center for Minors Denied Asylum            NATO rejects Qatar membership demand             Franceís Macron: Phone calls with Trump like sausages, better not know whatís inside             EU wants firms exempt from US sanctions on Iran             Argentina calls off soccer friendly against Israel under pressure from campaigners             NATO discussing funding for Afghanistanian forces beyond 2020: Stoltenberg            ĎIntercultural Dialogue for Peace and Developmentí Held at UN Headquarters to Create a Foundation of Understanding and Tolerance            Suratul Qadr, (The Night of) Ordainment or Power             Russia spares no effort to settle tensions in Korean Peninsula: Putin             Trump-Kim summit set for Singaporeís Sentosa Island: White House            Franceís PSA again reverses on Iran deal in deference to US             EU confirms Iran enrichment plan not in nuclear deal violation            Mexico responds to US tariffs by imposing own duties            Facebook ínot aware of any abuseí of data by phone makers            

DATE PUBLISHED: 2018/6/5 - 13:16:24
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Mexico responds to US tariffs by imposing own duties

Mexican authorities have introduced tariffs on goods and products imported from the United States to respond to US President Donald Trump’s controversial duties on metals.

 A list by the Mexican economy ministry published in the government’s official gazette included a 20 percent tariff on US pork legs and shoulders, apples and potatoes and 20 to 25 percent duties on types of cheeses and bourbon as of Tuesday.

The list also showed that Mexico will impose tariffs of 15 percent to 25 percent on US steel products in a direct response to US metal tariffs which was announced in March and would include 25 percent duty on steel and 15 percent on aluminum.

The gazette said Mexico will open a tariff-free quota for pork imports from other countries to offset the reduction in imports from the US.

Mexico has revealed its intention to impose tariffs on politically sensitive agricultural products from the US.  Authorities said last week that they would impose tariffs on products from congressional districts where Trump’s Republican party is fighting to retain seats in the November elections. Among those states is Iowa, a major pork exporter, where incumbent Representative Rod Blum is struggling to maintain his position.

Trump’s decision to impose tariffs on metals has sparked widespread anger among allies in Europe and in North America. His administration said last week that it will go ahead with tariffs by ending a two-month exemption for Canada, Mexico and the European Union.


This June 1, 2018 file photo shows US President Donald Trump looking on during a military ceremony in Washington, DC, June 1, 2018. (AFP photo)

However, an economic adviser to the White House said Tuesday that Trump may launch talks with Canada and Mexico in an effort to revive some trade mechanisms of the North American Free Trade Agreement (NAFTA) which he abandoned after taking office last year.

Mexico’s rising trade tensions with the US has already affected its economy. Tuesday reports showed peso led losses among major currencies to tumble to its weakest level since February 2017.

 

LINK: http://ansarpress.com/english/10036


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