U.S. officials are assessing the cost of new Mexican tariffs that take effect Thursday in retaliation for a U.S. decision to cancel a cross-border program that gave Mexican truckers access to their northern neighbor's highways.[...]
"In good times, an economy may be able to weather this kind of thing. But now it's devastating," said Rep. Dave Camp of Michigan, whose district is home to cherry farmers, manufacturers and chemical producers such as Dow Chemical Co. that will be affected.
[...]
The U.S. was required under the North American Free Trade Agreement to grant Mexican trucks full access to its highways by January 2000, but domestic opposition led U.S. legislators to delay the opening until a pilot program allowing some trucks was instituted in 2007.
The U.S. ended that program last week — a move that Mexican Economy Secretary Gerardo Ruiz Mateos called "wrong, protectionist and a clear violation" of NAFTA.
Mexico might have been forewarned had they been thinking about this: we signed treaties with the Native Americans, too.
This brings up something nobody is talking about yet: what happens when our economy is so bad that we can no longer threaten, bully and manipulate other countries with our dollar power?
....but hey, do what you want....you will anyway.
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