Mexico Issues List of Retaliatory Tariffs Against US

The Mexican government issued a list of retaliatory tariffs yesterday after the US imposed punitive tariffs on Mexican steel and aluminum last week.

Most of the new tariffs, on a range of US products that included pork, apples, potatoes, bourbon and different types cheese went into effect on June 5 with additional tariffs to be phased in through July 5.

According to reports, Mexico suspended NAFTA benefits for the items on the list and added tariffs of 7%, 10%, 15%, 20% or 25%. These 8-digit subheadings fall in the following chapters and headings (note that not all subheadings would necessarily be covered in the headings listed below):

· Chapter 2: 0203

· Chapter 4: 0406

· Chapter 8: 0808

· Chapter 16: 1601, 1602

· Chapter 20: 2004, 2008

· Chapter 21: 2106

· Chapter 22: 2208

· Chapter 72: 7208, 7209, 7210, 7211, 7212, 7213, 7214, 7216, 7225, 7226

· Chapter 73: 7304, 7305, 7306,

· Chapter 76: 7615

· Chapter 84: 8414

· Chapter 89: 8903

· Chapter 94: 9403, 9405