BLOOMBERG
President Obama and President Felipe Calderon announced that after the Congress approves the agreement, the U.S. will begin to permit Mexican trucks to cross the border, ending a long simmering dispute that saw Mexico impose tariffs on $2.4 billion worth of U.S. pork, cheese, corn and fruits.
Unions are reportedly dismayed by the agreement but business leaders are applauding it.
Mexico will suspend 50 percent of the tariffs when the accord is signed.
The remaining tariffs will be eliminated when the first Mexican truck crosses the border into the United States.
The announcement comes at a low point in U.S./Mexico relations with "bad blood" from recent WikiLeak cables revelations and growing heat on Calderon at home over his failure to stop the fearsome narco violence.
Popular Posts
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- RUSSIA : 14 March UPDATE: Court Refuses To Release 2 Punk Rockers; Orthodox Church Calls Singers...'Sinners.'
- ITALY / BELGIUM / EUROZONE : Ouch! Roma Forced To Pay 7.814% On 2 Yr; S/P Downgrades Belgium.
- ITALY / VATICAN : Benetton's Pope Kissing Ad Shocks Vatican; Legal Action Threatened.
- EUROZONE / GERMANY / GREECE : Athens' Go Slow Mode...Exasperates Merkel.
- CUBA / BRASIL : Castro Allows Odebrecht...To Upgrade/Run Cienfuegos Sugar Mill For 13 Years.
- PERU: Mine Opponents Feel Betrayed After Humala Declares State Of Emergency In 4 Provinces Over Conga Mine Protests.
- MUSIC FOR MONDAY: Os Ritmistas Serenade Brasil Of The 60's.
- BRASIL: Piranhas Attacking Tourists In Mato Grosso River Beach.
- RUSSIA : Tax Officials Continue To Harass NGOs.