TRADE WAR Mexico plans immediate action on US imports after WTO tuna ruling

B

Bill

Malarkeyville

The Mexican economy ministry said on Tuesday it would immediately initiate the process of taking retaliatory steps against U.S. imports following a ruling by the World Trade Organization in Mexico's favor in a dispute over tuna.

"Mexico will immediately seek authorization ... to suspend benefits, and in parallel, will initiate the internal procedures necessary to make said suspension effective against imports of products from the USA," the ministry said in a statement.

Mexico had complained to the WTO about U.S. tuna labeling rules that it said unfairly penalized its fishing industry, and had asked for retaliatory sanctions of $472.3 million, which it planned to impose on imports of U.S. high-fructose corn syrup.

Ruling on the tuna dispute, a WTO arbitrator said earlier on Tuesday that Mexico can impose annual trade sanctions worth $163.23 million against the United States.

(Reporting by Dave Graham and Veronica Gomez)
 
The World Trade Organization ruled Tuesday, April 25, 2017 that Mexico's tuna industry has been harmed by U.S. "dolphin-safe" labeling rules :palm:
 
""Regrettably, the WTO Arbitrator's decision does not take into account the United States' most recent dolphin-safe labeling updates and dramatically overstates the actual level of trade effects on sales of Mexican tuna caught by intentionally chasing and capturing dolphins in nets," the office said. "We will continue to monitor the situation and closely consult with Congress and stakeholders about next steps."

http://abcnews.go.com/International/wireStory/wto-ruling-favors-mexico-us-dolphin-safe-tuna-47012499
 
Bill said:

The Mexican economy ministry said on Tuesday it would immediately initiate the process of taking retaliatory steps against U.S. imports following a ruling by the World Trade Organization in Mexico's favor in a dispute over tuna.

"Mexico will immediately seek authorization ... to suspend benefits, and in parallel, will initiate the internal procedures necessary to make said suspension effective against imports of products from the USA," the ministry said in a statement.

Mexico had complained to the WTO about U.S. tuna labeling rules that it said unfairly penalized its fishing industry, and had asked for retaliatory sanctions of $472.3 million, which it planned to impose on imports of U.S. high-fructose corn syrup.

Ruling on the tuna dispute, a WTO arbitrator said earlier on Tuesday that Mexico can impose annual trade sanctions worth $163.23 million against the United States.

(Reporting by Dave Graham and Veronica Gomez)
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Please Mexico... Please, please, PLEASE destroy America!!!

-- The Left
 
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