U.S. Signs Mexico Pact to Resolve 15-Year Trucking Dispute
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The U.S. and Mexican governments reached an accord today to resolve a more than 15-year cross-border trucking dispute that will lift punitive tariffs on about $2.4 billion of U.S. goods.
Under the agreements signed today in Mexico City by U.S. Transportation Secretary Ray LaHood and Mexican Communications and Transportation Minister Dionisio Perez-Jacome, Mexico will suspend half of the tariffs within 10 days. The rest will be eliminated when the first Mexican trucking company is allowed to deliver goods into the U.S. The tariffs range between 5 percent and 25 percent.