Mexico may retaliate against US trade tariffs by imposing its own tariffs on $4bn of corn and soybean imports from the US. “I’m emphasizing South American (imports),” he added, “simply because that’s what’s most viable right now.” Mexico National Farm Council head Bosco de la Vega has called for tariffs on grains from states that voted for Donald Trump in 2016 although the Mexican government, while not ruling such tariffs out, has not commented. US grains have helped Mexico’s beef industry grow but the Mexican government is considering measures to attract imports from other suppliers. The United States also faces a potential threat from China, which could impose retaliatory duties if Washington imposes new sanctions over China’s alleged theft of intellectual property or attempts to force Beijing into buying more American goods.
Mexico may retaliate against US trade tariffs by imposing its own tariffs on $4bn of corn and soybean imports from the US. Mexico National Farm Council head Bosco de la Vega has called for tariffs on grains from states that voted for Donald Trump in 2016 although the Mexican government, while not ruling such tariffs out, has not commented. US grains have helped Mexico’s beef industry grow but the Mexican government is considering measures to attract imports from other suppliers. The United States also faces a potential threat from China, which could impose retaliatory duties if Washington imposes new sanctions over China’s alleged theft of intellectual property or attempts to force Beijing into buying more American goods.