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Trump tariffs: Mexico retaliates against US products

World Desk : Mexico has announced new tariffs on US products in response to Donald Trump’s decision to impose steep duties on imports of steel and aluminium.

The list includes whisky, cheese, steel, bourbon, and pork.

Analysts say the tariffs are designed to hit US Republican strongholds ahead of mid-term elections in November.

Mr Trump last week levied tariffs on steel and aluminium imports from Mexico, Canada and the European Union, riling key US allies.

The move has also dismayed some domestic businesses, including pork producers, who now face a 20% tariff on exporting leg and shoulder to Mexico.

Mexico is the largest market for US pork exporters.

Other products affected by the new tariffs include apples and potatoes. Certain cheeses and bourbon will be hit with 20% to 25% duties.

Mexico – a net importer of US steel – is also putting 25% duties on a range of American steel products.

US-Mexico trade is worth about $600bn annually and about 16% of US goods go to its southern neighbour. Mexico sells about 80% of its exports to the US.

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