Mexico Hits US Grapes, Pork, Cheese In Reply To Trump Tariffs
06 June, 2018, 03:30 | Author: Kristi Dunn
At issue are 25 percent tariffs on steel and 10 percent of aluminum that come from the European Union, fees Trump slapped on abruptly late last week even as the two sides were discussing possibly extending a temporary waiver the European bloc had been granted.
The order stipulates charges of 15 percent to 25 percent on US farm goods including pork, cheese, apples and potatoes, bourbon whiskey and cranberries. "The U.S. has been ripped off by other countries for years on Trade, time to get smart!"
Commerce Secretary Wilbur RossWilbur Louis RossTrump's tariff follies: Making sense out of nonsense Trump tariffs threaten to torpedo NAFTAChina: Trade deals in jeopardy if USA tariffs are implemented MORE issued a finding in January that steel and aluminum were being imported into the United States in such quantities as to weaken "our internal economy" and threaten the national security of the United States. One will raise tariffs, a type of tax, causing the other to respond, in a tit-for-tat escalation.
Officials in Mexico City unveiled the proposal in recent days, saying the tax would apply to US-produced pork legs and shoulders, which equate to approximately 90% of the nation's $1 billion worth of American-made products.
In its official gazette, the ministry said it will impose 20% to 25% tariffs on us cheese, 20% on apples and potatoes, 20% on pork legs and shoulders and 25% on steel products, as first reported by Reuters. "We will work aggressively to educate policymakers and others about the facts", James Davis, executive vice president of Freedom partners said. But the complaints haven't yet morphed into an effort by those groups to exact a political price from policymakers who enable protectionism.
"I think it would have been the wrong move to just to stand pat", Rasmussen said of the Canadian government's retaliation. And they want trade to flow freely - something that makes them loathe tariffs.
The Mexican tariffs will hit its pork, dairy and potato exports, Minnesota state officials said.
At the same time as imposing the tariff on USA pork, Mexico opened a 350,000-tonne quota for imports of the meat from other countries. That makes it by far the biggest market for the state's apples.
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Foreign Affairs Minister Chrystia Freeland had a blunt response to the notion that Canada could be considered a national security threat to the United States.
"In no way is this [tariff list] publication revenge".
White House spokeswoman Sarah Sanders said Trump was still looking at the possibility of doing individual trade deals with Canada and Mexico in place of NAFTA.
All three have plan to retaliate with their own tariffs on U.S. goods, stoking fears of an escalating conflict.
The trade fights with Mexico and Canada are part of the Trump administration's "America First" economic agenda, which has also put Washington on a collision course with China over trade.
Canadian Finance Minister Bill Morneau said Washington's decision to impose the tariffs had lessened the chances for a successful outcome of the NAFTA talks.
Canada, Mexico and the European Union had been enjoying a reprieve from the Trump administration's tariffs, but that ended Friday.
The US is demanding that China reduce an existing US$375 billion trade deficit by US$200 million, cease state funding to Chinese companies that compete internationally, and stop Chinese companies from taking intellectual property from US companies as a prerequisite for doing business.
His murder follows the earlier death of Ukranian-Belarussian journalist Pavel Sheremet by vehicle bomb in central Kiev in 2016. In Moscow, officials and lawmakers criticized Ukrainian authorities for their alleged failure to protect journalists.
But in subsequent weeks, negotiations with China focused on narrower concerns, such as the bilateral trade deficit. The United States will review visa procedures to reduce economic theft by non-traditional intelligence collectors.
Global markets have been rattled by mounting fears of a new snap election being held if no government was formed soon. League leader Matteo Salvini , who is surging in opinion polls, seemed cool on the idea but did not rule it out.
Mexico said it would penalize US imports including pork bellies , apples, grapes, cheeses and flat steel, as well as cranberries. A second batch of American exports worth around €3.7 billion ($4.3 billion) a year could eventually be targeted.
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