Details released by Mexico's economy ministry
- To impose 20% tariff on US pork legs and shoulders
- To impose 20-25% tariff on US cheese
- To impose 20% on apples and potatoes
The tariffs reported above were rumoured earlier in the Asian session here. So, this is basically just a confirmation of that. Since the earlier report was released, USD/MXN has been trading higher though with levels today touching the highest since February 2017:
(h/t @ LiveSquawk)
