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English, Reports

Mexico strikes back: Countermeasures

5 Jun , 2018  

Today, the President of Mexico, Enrique Peña Nieto, issued two Decrees that adopted countermeasures against the United States (US) as a result of the US tariffs applied to aluminum and steel imports from Mexico. Most Mexican countermeasures come into effect today.

Mexico has adopted a strong position against the US, selecting a wide range of products from pork to steel products, which may be adjusted through time.

Further, Mexico raised its Most Favored Nation (MFN) tariffs temporarily for a list of selected steel products.

Mexico’s trade measures can be classified as follows:

  1. Steel and Aluminum Products
  2. Pork Meat and Cheese
  3. Other Products

VTZ prepared a report about the recent events, available in the following link: VTZ Report: Mexico – Countermeasures

  1. DECRETO por el que se modifica la Tarifa de la Ley de los Impuestos Generales de Importación y de Exportación, el Decreto por el que se establece la Tasa Aplicable durante 2003, del Impuesto General de Importación, para las mercancías originarias de América del Norte y el Decreto por el que se establecen diversos Programas de Promoción Sectorial.
  2. ACUERDO mediante el cual se da a conocer el cupo para importar, con el arancel-cupo establecido, carne de cerdo fresca, refrigerada y congelada.

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