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Mexico Plans Retaliation If U.S. Imposes Steel Tariffs

  • Mexican minister to discuss with Ross on Wednesday: Person
  • Risk of trade action comes as negotiators meet to rework Nafta
Bloomberg business news

U.S.-Mexico Trade

Mexico will place retaliatory tariffs on U.S. goods if President Donald Trump includes it on a list of nations that would face steel tariffs, according to a person close to the Latin American country’s position.

Mexican Economy Minister Ildefonso Guajardo plans to discuss the issue with U.S. Commerce Secretary Wilbur Ross in a meeting in Washington on Wednesday, according to the person, who asked not to be named because the meeting is private. A 2009 trucking dispute, when Mexico imposed retaliatory tariffs on about 90 American products totaling $2.4 billion worth of annual exports, serves as an example of what Mexico can do, the person said.