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Thursday, April 7, 2011

Mexico Agrees to Lift Tariff

Visiting Mexican President Felipe Calderon and his U.S. counterpart, Barack Obama, on March 3, 2011 reached at an agreement that would pave the way for Mexico to lift $2.4 billion in punitive tariff in exchange for Mexican rigs rolling on American highways. The tariff has hit pork, cosmetics, Christmas trees, chemicals, pet food and hundreds of other products. Mexico would withdraw half the tariff, probably, by April and the remaining half after one of its truck carriers gets approval to enter U.S.A.

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