In retaliation for the Trump administration announcing tariffs on steel and aluminum imports from Mexico and much of the rest of the world, Mexico Tuesday imposed a series of tariffs against US exports to its market valued at $3 billion. Mexico had signaled last week that it intended to retaliate against the US steel and aluminum tariffs. Related: What aluminum and steel tariffs will mean to youIn addition to the agricultural products and bourbon, Mexico imposed tariffs on a variety of US steel products exports. While Mexico exports more goods and services to the US than it buys, it is also the second largest market for US exports, buying $277 billion worth of US goods and services last year, according to the Commerce Department. For example Mexico is the largest market for US pork exports according to the National Pork Producers Council, an industry trade group.

Source: CNN June 06, 2018 13:46 UTC