Tuesday, August 17, 2010

Mexico to impose tariffs on 99 US products

In retaliation over the trucking dispute, Mexico has decided to impose tariffs on 99 goods from the US.  The US was supposed to have proposed a solution to the trucking issue, which has banned Mexican trucks from crossing the border to deliver goods in the US.  According to the rules established by NAFTA in 1994, Mexico should be allowed to cross the border to deliver goods, but the US claims that Mexican trucks did not meet safety standards.  The pilot program that was to let Mexican trucks in the US, was cancelled by a provision in a bill passed by US Congress last year.

Some of the items that will be subject to tariff:

US Pork
Chewing Gum

The official list of goods will be posted in the next few days.  This is a huge blow to US manufacturers who export these items and the total financial impact could reach over $2.5 billion USD. 

1 comment:

  1. Does this mean Orbitz gum will be even more expensive?! Nooooooo :(