Fighting a trade war
Congress has sparked a trade war with Mexico over allowing Mexican trucks onto US highways.
MEXICO CITY - Mexico said Monday it will increase tariffs on about 90 U.S. products in retaliation for last week's decision to end a pilot program that allowed some Mexican trucks to transport goods in the United States.
Economy Secretary Gerardo Ruiz Mateos said the U.S. decision violates a provision of the North American Free Trade Agreement that was supposed to have opened cross-border trucking by January 2000.
It is interesting to see how Mexico is targeting their retaliation.
The measure will affect about $2.4 billion in trade involving approximately 90 agricultural and industrial products from 40 U.S. states.
Ruiz Mateos said the department later this week will publish a list of the products, which he said were chosen to represent a large number of U.S. states and significant trade items.