Mexico slaps tariffs on U.S. goods in truck feud
http://news.yahoo.com/s/nm/20090316/...xico_usa_trade
I'll be interested to see how Obama handels this, the tarrifs will probably be insignificant, but it's a shot across the bough.
MEXICO CITY/WASHINGTON (Reuters) – Mexico slapped tariffs on 90 American agricultural and manufactured exports on Monday in retaliation for Washington's move to block Mexican trucks from using U.S. highways.
Mexican Economy Minister Gerardo Ruiz said about $2.4 billion worth of exports from 40 U.S. states would be affected and that his government would soon publish a list of them.
Last week, the U.S. Congress canceled funding for a test program begun by the Bush administration that allowed Mexican long-haul trucks to circulate in the United States in compliance with the North American Free Trade Agreement.
"We consider this action by the United States to be mistaken, protectionist and clearly in violation of (NAFTA)," Ruiz told reporters in Mexico City.......
Mexican Economy Minister Gerardo Ruiz said about $2.4 billion worth of exports from 40 U.S. states would be affected and that his government would soon publish a list of them.
Last week, the U.S. Congress canceled funding for a test program begun by the Bush administration that allowed Mexican long-haul trucks to circulate in the United States in compliance with the North American Free Trade Agreement.
"We consider this action by the United States to be mistaken, protectionist and clearly in violation of (NAFTA)," Ruiz told reporters in Mexico City.......
I'll be interested to see how Obama handels this, the tarrifs will probably be insignificant, but it's a shot across the bough.
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