Friday, March 20, 2009

Mexican Truck Dispute Gets Nasty

The trade dispute over trucks from Mexico has ripened.

Despite efforts to avoid it Mexico will start adding duties on the following products

Christmas trees20%
Onions10%
Peeled onions20%
Pears20%
Cherries20%
Potatoes20%
Soy sauce20%
Soup, broth and stew mixes, and prepared stew, broth and soups10%
Mineral water20%
Sunflower seeds15%
Products for manicures and pedicures15%
Shampoo15%
Toothpaste15%
Deodorants and anti-perspirants15%
Statuettes and other decorative articles20%
Notebooks10%
Curtain rods20%
Coffee makers20%
Waste from batteries, rechargeable batteries, chargers20%
Sunglasses15%

http://online.wsj.com/article/SB123739445919172781.html

As the Global economy slows there is real likelihood of trade antagonism growing. Is this just another step toward a 1930's style global depression? Let's hope not.

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