Donald Trump's tariff war with our closest allies is going swimmingly. Following Canada's announcement last week of slapping retaliatory tariffs on $12.8 billion of U.S. goods, Mexico is taking a similar approach. NPR writes:
Mexico is putting tariffs on imports of U.S. steel and farm products — including pork, cheese, apples and potatoes — as it hits back at the U.S. for the Trump administration's tariffs on steel and aluminum products from Mexico, Canada and the European Union.
Signed by Mexican President Enrique Peña Nieto, the decree also suspends the country's preferential tariff treatment of the U.S. It was published in Mexico's official gazette on Tuesday.
The list of U.S. agricultural products, nearly all of which will be subject to taxes of 15 percent to 25 percent, also includes Tennessee or bourbon whiskey and cranberries.
Genius, Trump. Wonder if Mexico plans on paying for the wall.
The next shoe to drop will be that of the European Union, which is now considering "rebalancing measures." Stay tuned.