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Mexico announces retaliatory tariffs targeting U.S.

Joe Mont | June 6, 2018

Amid talk by the White House on renegotiating the North American Free Trade Agreement, the relationship between the three signatories continues to deteriorate.

Mexico, on Tuesday, formalized trade retaliation efforts against the United States, a response to recent tariffs place by the Trump administration on Canada, Mexico, China, and the European Union.

In May, the White House imposed tariffs on $50 billion worth of Chinese products. The White House also announced new steel and aluminum tariffs imposed on Canada, Mexico, and the European Union. President Trump announced he was “taking action to protect America’s national security from the effects of global oversupply of steel and aluminum” by imposing a negotiable 25 percent tariff on steel imports and a 10 percent tariff on aluminum.

Mexico, on Tuesday, levied punitive tariffs (a 10 percent surcharge that is immediately...

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