Mexico says could tax select goodsBy Elliot Bullman
Faced with U.S. import tariff, this might be the way to go
Mexico is considering responding to any tariff the United States imposes on our imports with retaliatory measures, Mexico's Foreign Minister Luis Videgaray said on Friday.
The Mexican government will be ready to act if U.S. fiscal policy puts Mexico at a disadvantage, Videgaray said on local radio.
Foreign Minister Luis Videgaray said Mexico could respond to any tax the United States were to unilaterally impose on imports with levies on select goods, aimed at U.S. regions most dependent on exports south of the border.
"Without a doubt, we have that possibility, and what we cannot do is remain with our arms crossed," Videgaray said in a radio interview. "The Mexican government would have to respond."
Videgaray said the trade strategy would replicate a 2009 campaign of retaliatory tariffs that helped Mexico win a dispute with the United States. On Wednesday, the minister mentioned Iowa, Texas and Wisconsin as states that could be targeted in a conversation with lawmakers leaked to two newspapers.
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