Colorado Politics

Mexico Hits U.S. With Tariffs, Escalating Global Trade Tensions

WASHINGTON – Mexico hit back at the United States on Tuesday, imposing tariffs on around $3 billion worth of American pork, steel, cheese and other goods in response to the Trump administration’s steel and aluminum levies, further straining relations between the two countries as they struggle to rewrite the North American Free Trade Agreement.

The tariffs came as the Trump administration threw yet another complication into the fractious Nafta talks by saying it wants to splinter discussions with Canada and Mexico and work on separate agreements rather than continue three-country discussions to rewrite the 1994 trade deal.

Larry Kudlow, President Trump’s chief economic adviser, said on Tuesday that Mr. Trump’s “preference now, and he asked me to convey this, is to actually negotiate with Mexico and Canada separately.”

Mr. Kudlow, speaking on Fox and Friends, said pursuing separate deals might allow an agreement to be reached “more rapidly,” adding: “I think that’s the key point. You know, Nafta has kind of dragged on.”

Read more at The New York Times.

Photo by Graham Hughes/The Canadian Press via AP
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