PORK PROTEST: Mexico to Impose HUGE TAX on US Pig Products

US President Donald Trump Secretary of Defence Jim Mattis and chairman of the Joint Chiefs of Staff Gen Joseph Dunford display their feelings at Arlington National Cemetery last week

PORK PROTEST: Mexico to Impose HUGE TAX on US Pig Products

Shadow worldwide trade secretary Barry Gardiner urged the Government to "stand up" to Mr Trump.

"Mexico has the right to take measures with equivalent commercial effects", the economy ministry said in a statement explaining the tariffs.

The Economy Secretariat (SE) published a full list of the USA products that will be affected by the new protectionist measures in the government's official gazette, with tariffs ranging between 5% and 25%. "When we leave the European Union we will have greater freedom to do so".

Last week's decision by the erratic Trump trade team to raise steel and aluminum tariffs amounts to declaring a trade war on effectively every major trading partner in the world market. Last year, the network nearly single-handedly killed a tax on imported goods, known as the border-adjustment tax, that House Speaker Paul D. Ryan (R-Wis.) wanted to use to pay for cuts to corporate and individual tax rates.

Under ING's worst-case scenario, which it calls "all-out trade war", the US economy would take the biggest hit, with output dropping by 2 percent over two years.

Asked if he was willing to give that, Trudeau replied: "We were moving towards flexibility in those areas that I thought was very, very promising".

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Charles Koch, who will stay on as chairman and chief executive of Koch Industries, said his brother was "instrumental" in expanding the business they inherited from their father "1,000 fold" and branching out beyond energy into a host of other products. A hodgepodge of two-country trade deals tends to distort corporate decision-making. He also said that the products to which the new tariffs apply were chosen to limit the impact on inflation.

A tariff "is a 2x4 upside a country's head", says Wallach.

The Trump administration slapped 10 per cent tariffs on Canadian aluminum and 25 per cent tariffs on steel imports last week, triggering a trade war as the Canadian government fired back with its own $16.6-billion in countermeasures. "Do you really believe that Canada, that your North Atlantic Treaty Organisation allies represent a national security threat to you?" Mexico, Canada, China and others have treated them unfairly.

Mexico, the third-largest USA trade partner, said it would penalize US imports including pork bellies, apples, grapes, cheeses and flat steel. But he said the US insistence on a five-year sunset clause was a deal breaker.

"The Trump administration has taken some incredibly positive steps for the American economy, but tariffs will undercut that progress and needlessly hamstring our full economic potential", Tim Phillips, president of Americans for Prosperity, said.

Trudeau replied he wants to follow through on the consultations while trying to persuade the U.S.to drop the tariffs. "If you put economic interests up against political interests, politics usually wins".

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The brothers also strongly support legislation that seeks to protect "Dreamers" - people brought illegally to the United States as children - from deportation.

The package would include increased purchases of US soybeans, corn and other agricultural goods. Trade surged within the NAFTA bloc, benefiting American farmers who export corn and other products.

About 90 percent of Mexico's $1.07 billion annual imports of pork legs and shoulders come from USA suppliers and the country expects to import more from elsewhere to avoid pushing prices higher for the cuts used to make hams and other processed meats.

"The idea that Canadian steel that's in military vehicles in the United States, that makes your fighter jets is somehow now a threat. the idea that we are somehow a national security threat to the United States is quite frankly insulting and unacceptable, " he said.

Trump campaigned on a promise to negotiate a better NAFTA - or withdraw from the deal altogether.

Still, Lovely said it's possible that the United States can craft a separate agreement with Canada. They've previously clashed with the administration over immigration.

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Mexico is the biggest customer for Washington apples.

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