The tariffs target US states with an eye toward maximum political impact.
Mexico threw a series of precise counterpunches at the US ban on 18-wheelers on Thursday.
Bang! It hit shipments of grapes from California with a 45 percent tariff.
Bam! Sunflower seeds from North Dakota were tagged with a 15 percent duty.
Mexico is the third-largest US trading partner, after China and Canada. The tariffs that went into effect Thursday will hit some $2.4 billion goods across 40 states. That’s likely to mean lost American jobs during one of the worst recessions in recent memory.
The response was not unexpected. You can read it about it here: “Mexico’s punitive tariffs raise stakes on US trucking dispute”
But what’s noteworthy is not the breadth of Mexico’s retaliation. It’s the political accuracy of their tariff targeting.
FRUITS AND NUTS
The shot at California fruit and nut producers is designed to get the attention of Democratic House Speaker Nancy Pelosi.
Pears, trees, and potatoes?