By Sharay Angulo
MEXICO CITY (Reuters) – Fresh battle lines are being drawn that could lead to farm trade restrictions between the United States and Mexico, a letter from a top Mexican trade official seen by Reuters shows, despite the goodwill generated by the newly-signed USMCA trade pact.
In response to a letter earlier this month from the top U.S. trade negotiator pledging protectionist measures for farmers in the politically important states of Florida and Georgia, Mexico is promising to retaliate in kind if such steps are taken.
“If the U.S. government seeks any action of this kind against Mexican agricultural exports, the government of Mexico will apply similar measures to U.S. products,” Mexican Deputy Trade Minister Luz Maria de la Mora wrote in the letter seen by Reuters.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Source: Investing.com