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)
Ohooooo......Mexico, the nation that can't even sustain its own people...is threatening the US? What are they going to do, stop the import/export of US TAX DOLLARS by reducing the number of Illegals crossing over to funnel money into their nation? There is a history between the two.....something about someone taking the entire US southwest region and MANIFEST DESTINY.
In short: Who the hell is afraid of Mexico....every little communist want'a'be nation in both the northern and southern hemisphere literally walks all over them?
I really can't comprehend the reason as to why the US simply does not annex Mexico and make it one of its territories....they've been supporting them ever since Sam Houston kicked their asses out of Texas.