Mexico looks to Europe after slapping tariffs on U.S. pork

Mexico looks to Europe after slapping tariffs on U.S. porkMexico will import more pork products from Europe after imposing a 20 percent tariff on U.S. pork legs and shoulders in retaliation to steel tariffs, Economy Minister Ildefonso Guajardo said on Tuesday. About 90 percent of Mexico's $1.07 billion (£800 million) annual imports of pork legs and shoulders come from U.S. 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.




from Yahoo Finance https://ift.tt/2JeUHfr

Comments

Post a Comment

Popular posts from this blog

What are the key measures of market volatility?

Image
Market volatility is the measure of the price fluctuation in the market. The higher the volatility, the more will be the fluctuations in prices, not only in terms of frequency, but also in terms of difference. A low volatility means a stable and consistent market. from India Infoline News Service https://ift.tt/2MdUUgT
Read more

https://ift.tt/2IVHF6y

Investors were also cautious ahead of a contentious G7 summit in Canada, with Donald Trump lashing out at Canada and the European Union on Friday, raising the specter of a trade war from Markets https://ift.tt/2M9uZH8
Read more