Mexico hits U.S. steel and farm products with tariffs
Signed by Mexican President Enrique Peña Nieto, the decree also suspends the country's preferential tariff treatment of the U.S. It was published in Mexico's official gazette on Tuesday.
The list of U.S. agricultural products from pork to cheese to apples and potatoes, nearly all of which will be subject to taxes of 15 percent to 25 percent, also includes Tennessee or bourbon whiskey and cranberries.
U.S. steel products on the list include steel plates, bars and rods, along with rolled steel. The list also includes motorboats.
The move comes one day after Mexico's Economy Ministry said it will start proceedings against the U.S. in the World Trade Organization, where it's seeking a dispute settlement over the U.S. tariffs on Mexican products — 25 percent on steel and 10 percent on aluminum — formally took effect last Friday. ■