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