Mexico will join other countries in steping up agiunst Donald Trump’s trade war actions….
Higher cost’s and economic hurt will be coming to America…..
The high stakes dance shall begin….
Mexico first threatened last week to impose retaliatory tariffs U.S. pork, including pork legs and shoulders.
Mexico serves as the largest export market for U.S. pork by volume.
Mexico’s threats have already impacted the pork industry in the U.S., with the concerns over retaliatory moves reportedly costing Iowa pork producers around $560 million.
Canada and the European Union have also threatened to slap tariffs on U.S. goods such as blue jeans, bourbon, and yogurt, in the wake of President Trump‘s tariffs.
The EU and Canada also brought cases against the U.S. at the World Trade Organization.
The Canadian, Mexican, and EU markets were originally exempt from Trump’s proposed tariffs when they were first announced in March, but Commerce Secretary Wilbur Ross said trade talks with the U.S. trade partners did not advance enough to allow a continued exemption. …