Mexico studies tariffs on billions of dollars of US corn and soy

Mexico could strike at $4 billion in annual imports of U.S. corn and soybeans if President Donald Trump escalates a trade spat with new tariffs, officials tsaid this week, and it is studying how to reduce the pain of such a move.

Earlier this month, Mexico swiftly retaliated when Trump imposed metals tariffs, hitting dozens of American imports including steel, apples and pork.

Source: Reuters