The deal for Mexican tomatoes exports to the U.S., which are worth around USD $2 billion annually, sets minimum prices for the product, and includes a brand-new inspection mechanism on 92% of exports for quality control purposes
Top agriculture officials from both countries met in Japan to discuss this trade opportunity
Farmers persuaded the Trump administration to impose seasonal anti-dumping duties against Mexican produce
"When it comes to Mexico, if there were a big jump in tariffs on U.S. imports, we would have to respond in some way," Executive Vice President Seiji Kuraishi told reporters at an earnings briefing
Political figures have suggested the country expel U.S. law enforcement agents, stop detaining Central American migrants or no longer inspect northbound trucks for drug shipments. Some activist groups on Friday were calling for a boycott of American brands
About 70% of the vehicles Japanese car makers sell in the U.S. are made in the U.S., but a tax on cars exported from Japan would "clearly be a major headwind," Marcel Thieliant and Mark Williams said in a report issued Friday.
White House Press Secretary Spicer said that taxing imports from Mexico would generate US$10 billion a year and "easily pay for the wall."
The cargo of just under 60,000 barrels arrived from Port Arthur, Texas, on Jan. 7 at the new private San Jose Iturbide storage terminal in central Guanajuato state via train
The jump in factory exports helped lift Mexico's trade balance to a US$28 million dollars surplus in November when adjusted for seasonal swings.
The tariffs, which apply to steel pipes with straight longitudinal seams, will be extended until May 2020.