Mexico gets the green light to impose trade sanctions AGAINST the US

Tuesday, April 25, 2017
By Paul Martin

MEXICO has been given the go-ahead from the World Trade Organisation (WTO) to impose annual trade sanctions against the United States after settling a multi-million dollar dispute.

By SOFIA PETKAR
Express.co.uk
Tue, Apr 25, 2017

The ruling will see trade sanctions worth £127 million ($163 million) actioned immediately, according to Mexico’s economy minister.

The two countries came to loggerheads in a dispute over the tuna fish trade, with allegations the US had discriminated against tuna caught by Mexico.

While a step in the right direction, the sanctions award was only a third of the expected £368 million ($427 million) Mexico had sought via the WTO.

Mexico’s complaint dates back to 2008, and focuses on US rules on “dolphin friendly” labelling, which Mexico said unfairly penalises its fishing industry.

US-Mexico trade relations have been under increasing strain since President Trump came into office, following threats of a wall along the 2000-mile border, as well as plans to renovate the NAFTA trade pact which essentially defines commerce between Canada, Mexico and the US.

The tensions over a possible wall between the two nations led to increasingly bitter exchanges between high profile figures on both sides of the argument.

Earlier this year, former Mexican president Vicente Fox Quesada lashed out at Mr Trump, telling him defiantly: “Mexico is not going to pay for that f***king wall.”

His remarks came after the President signed an executive order to jump-start the wall building process – fulfilling one of his most vocal primary campaign promises.

The Rest…HERE

2 Responses to “Mexico gets the green light to impose trade sanctions AGAINST the US”

  1. Robert Edward Lee

    Damn ! We’ll have to pay extra for tacos now.

    #3211693
  2. Bubba Sue

    No house keepy for you Gringo. Press one for English.
    We are all N words now.

    #3211756

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