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Mexico slaps additional tariffs on 90 US products
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TT Editors
Administrator
| Posts: 529
| Joined: 02/07
Posted: 03/16/09 12:45 PM
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: March 16, 2009, 2:10PM MEXICO CITY — Mexico says it will increase tariffs on about 90 U.S. products in retaliation for last week's decision to cancel a pilot program that allowed some Mexican trucks to transport goods within the United States.
The Mexican Economy Department says the U.S. decision violates a provision of the North American Free Trade Agreement that was supposed to have opened cross-border trucking years ago.
Department officials told a news conference Monday that the measure will affect about $2.4 billion in trade: 90 agricultural and industrial products from 40 U.S. states.
It did not name the products or specify the amount by which import tariffs will increase.
Activists in the United States had argued that Mexican trucks were unsafe, something Mexico denies.
© 2009 The Associated Press
Source: http://www.chron.com/disp/story.mpl/ap/world/6313814.html
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TT Editors
Administrator
| Posts: 529
| Joined: 02/07
Posted: 03/17/09 12:05 PM
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And it continues....
: Mexico retaliates for cross-border trucking program cut
Mar 17, 2009 2:32 PM, By Justin Carretta, online news editor
Mexico has put tariffs of approximately $2.4 billion on about 90 U.S. goods from 40 states in a retaliatory measure after the U.S. ended the cross-border trucking program and prevented select Mexican trucks from operating beyond the U.S. border commercial zones, Bloomberg reported. While the Mexican government did not provide details, Bloomberg said the tariffs would include farm goods such as rice, beef, wheat and beans.
“We consider this action by the United States to be wrong, protectionist and clearly in violation of the treaty,” Mexico Economy Minister Gerardo Ruiz Mateos said in a statement.
http://fleetowner.com/trucking_regulations/nafta-mexico-cross-border-trucks-0317/index1.html
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Posted: 03/19/09 04:59 PM
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Yep...saw this one coming about a mile off...
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bkong
Enthusiast
| Posts: 535
| Joined: 07/08
Posted: 03/20/09 12:45 PM
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Guess I'm not going to Cancun for Spring Break
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