Mexico publishes retaliatory tariffs on US imports
Mexico on Tuesday unveiled the complete list of tariff-enforced products with which it responds to sanctions that the United States implemented against steel and aluminum imports.
The Ministry of Economy published in the Official Gazette of the Federation the list that includes everything from whiskey, pork, cheese and apples, to some motor boats. The sanctions that Mexico applies to U.S. products range from 5% to 25%.
The laminated tubes and the thermal or conduction tubes are those that will have the lowest tariff, with 5%. Pork, doors, windows, steel tubes, laminated sheets and motor boats will have a penalty of 15%.
Cranberries, potatoes, hams, pork legs and shoulders, apples, parmesan cheese, fresh cheese, any type of grated or powdered cheese, and cottage cheese will have a 20% tariff. The heavier penalties, of 25%, will be for rods, cement or concrete, steel, “Tennessee” whiskey or Bourbon whiskey.
Last week, Mexico said retaliation would apply to the pork legs and shoulders of US suppliers, which account for about 90% of the annual imports of the cuts and amount to more than US$ 1 billion.
Although Mexico’s tariffs might not represent a huge impact on the U.S. trade balance, the country’s trade war playbook is designed to target industries established in congressional districts whose lawmakers are likely to push the White House to seek for a settlement. Some of them have already raise their concerns, like Virginia Senator Mark Warner, who said Mexico’s tariffs were a “gut punch” to farmers in his state.
This is a gut punch to Virginia farmers, who exported more than $68 million in pork to Mexico last year. The President’s trade war is going to cost Virginia ag jobs. https://t.co/mJlDHJOSmA
— Mark Warner (@MarkWarner) June 5, 2018