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Mexico Retaliates With Pork Tariffs In Trade Tiff With US

Mexico imported a total of about 840,000 metric tons of pork in 2017. (CarlosVanVegas/flickr)

Mexico has announced retaliatory tariffs on pork from the U.S., along with taxes on other imported goods.

The country announced a 20 percent tariff apply to pork legs and shoulders. Mexico imports an estimated total of $1.07 billion in those commodities each year, 90 percent of which comes from the U.S.

The move follows last week's announcement from the White House that tariffs would be imposed on steel and aluminum imports from Mexico, Canada and Europe.

On May 31, President Trump said the 25 percent tariffs on steel and 10 percent tariffs on aluminum from Mexico, Canada and the European Union were necessary because they engage in competition that hurts U.S. national security.

Canada has pledged to impose tariffs on U.S. imports, including whiskey, orange juice, steel and aluminum.

Mexico will also impose tariffs on apples, grapes, cheese, steel and other goods.

Mexican Economy Minister Ildefonso Guajardo announced this week that Mexico would pivot to Europe for pork imports.

The trade skirmish comes just as the U.S. tries to hammer out new details of the North America Free Trade Agreement with Canada and Mexico.

Read More:

Exclusive: Mexico Set To Impose 20 Percent Tariff On U.S. Pork Legs– Sources (Reuters)

Trump Hit Mexico With Steel Tariffs. Mexico Is Hitting Back - And Targeting Republicans (Vox)

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