The Wall Street Journal says a Trade Fight has started between th US and Mexico


According to the Wall Street Journal, the U.S. has initiated a trade fight with Mexico over energy policy

‘Ooooh, I’m so scared,’ Mexico’s López Obrador says, dismissing complaint that Mexico favors its state energy interests at the expense of American companies

WASHINGTON—The U.S. launched a trade fight against Mexico on Wednesday, accusing President Andrés Manuel López Obrador’s government of favoring its state-owned utility and oil company at the expense of American businesses.

The U.S. is seeking dispute settlement consultations under the U.S.-Mexico-Canada Agreement—the first step in what could lead to tariffs on a range of Mexican products. It also represents a challenge by the Biden administration to Mr. López Obrador’s effort to regain government control over the country’s oil and electricity markets.

The U.S. says Mexican policies are undermining American companies and U.S.-produced energy in favor of state-owned Pemex.PHOTO: JOSE LUIS GONZALEZ/REUTERSBy Yuka Hayashi and Juan MontesUpdated July 20, 2022 12:07 pm ETPRINT

Click here to read the complete original article on The Wall Street Journal

Soure: The Wall Street Journal

Mexico Daily Post