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Mexican economy minister has crossed the wires in the last hour to explain the countermeasures they were taking in response to the United States’ decision to impose tariffs on steel and aluminum imports from Mexico.

Key quotes (via Reuters)

  • Mexico will impose equivalent measures on diverse products in reaction to US steel and aluminum tariffs.
  • The measures will be in place until the US government eliminates the tariffs.
  • The equivalent measures will affect several steel products, some pork and other agricultural products.
  • Tariffs affect $4 bln worth of trade between Mexico and the US.