Saturday, January 22, 2011

Calderón: United States was stunned by tariffs

President Felipe Calderón
XTAPAN DE LA SAL, MEXICO -- Yesterday, President Felipe Calderón formally announced the resumption of negotiations regarding Mexican carriers operating in the United States. He made the remarks at the opening of an annual gathering of the Confederation of Industrial Chambers.

He said the United States was "stunned"  by the retaliatory tariffs imposed by Mexico over the dispute. "It took wave," Calderón added, using a Mexican colloquialism. He emphasized that the U.S. simply had not fulfilled its obligations under NAFTA. Calderón admitted that imposing tariffs "took a lot of cool." 

Juan Carlos Munoz, president of the National Chamber of Trucking (Canacar), representing 8,000 Mexican carriers, was skeptical of any resolution. The DOT's draft proposal offers little flexibility on EPA regulations which could exclude the majority of Mexican carriers.

U.S. Secretary of State Hillary Clinton will travel to Mexico next week to meet with Mexican counterpart, Foreign Minister Patricia Espinosato. Resolving the trucking dispute is among several pressing issues facing the two neighbors. 

Mexico is the U.S.’s third largest trading partner after Canada and China. Mexico is also the second largest market for U.S. exports, making it crucial to the administration's goal of doubling exports in five years.
From various sources including TerraEl MañanaBloomberg, and El Universal