Hot Topic: The U.S.-Mexico Trade Dispute, New Product Tariffs
by Christina Lee on March 30th, 2009
The Department of Transportation vowed last week to settle a rising trade dispute between U.S. manufacturers and Mexican trucking companies, over the ability to cross borders while exporting. President Obama signed into law March a $410 billion spending bill and with this, a provision removing access within the country for about 100 Mexican trucking companies. Less than a week later, the Mexican government responded by implementing tariffs on $2.4 million worth of U.S. goods. Such tariffs, ranging from 10 to 45 percent, apply to almost 90 items from 40 states. More than a third of them target food products, though... Read more »