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US, Mexico resolve cross-border trucking dispute

from Material Handling & Logistics

The United States and Mexico finally have resolved the dispute over long-haul, cross-border trucking services between the two countries. The signing of the agreement will pave the way for Mexico to lift retaliatory tariffs it imposed more than two years ago on more than $2 billion in U.S. manufactured goods and agricultural products. The agreement also provides that Mexico will suspend 50 percent of the retaliatory tariffs within 10 days. Mexico will suspend the remainder of the tariffs within five days of the first Mexican trucking company receiving its U.S. operating authority. As a result, Mexican tariffs that now range from 5 to 25 percent on various U.S. agricultural and industrial products such as apples, pork products and personal care products will be immediately cut in half and will disappear entirely within a few months. more

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