Friday, August 20, 2010

Mexico May Rotate Tariffs on U.S. Goods in Dispute

(The Associated Press)

Mexico may rotate punitive tariffs on U.S. goods from one set of products to another until the Unites States resolves a dispute over access for Mexican trucks. While the number of total products may not change, individual goods could be added or removed from the list of 99 items subject to tariffs announced this week. Economy Secretary Bruno Ferrari said Thursday Mexico “would not hesitate” to take such steps.

Current tariffs range from 5% to 15% on products like cheese, fruits, juices, wine, toilet paper and some pork products.

The tariffs are a response to the cancellation of a pilot program allowing some Mexican trucks to transport goods into the U.S. under the North American Free Trade Agreement.