Mexico Hits U.S. Steel And Farm Products With Tariffs, Retaliating For Trump Move
Mexico is putting tariffs on imports of U.S. steel and farm products — including pork, cheese, apples and potatoes — as it hits back at the U.S. for the Trump administration's tariffs on steel and aluminum products from Mexico, Canada and the European Union.
Signed by Mexican President Enrique Peña Nieto, the decree also suspends the country's preferential tariff treatment of the U.S.
The list of U.S. agricultural products, nearly all of which will be subject to taxes of 15 percent to 25 percent, also includes Tennessee or bourbon whiskey and cranberries.
U.S. steel products on the list include steel plates, bars and rods, along with rolled steel. The list also includes motorboats.
Mexico's Economy Ministry said it will start proceedings against the U.S. in the World Trade Organization, where it's seeking a dispute settlement over the U.S. tariffs on Mexican products — 25 percent on steel and 10 percent on aluminum — formally took effect last Friday.
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