Mexico imposes retalitory tariffs on U.S. products

Mexico is imposing new tariffs on U.S. goods such as apples, cranberries and various cheeses as well as increasing current tariffs on products including pork and whiskey, Politico reports.

The big picture: Mexico has now placed tariffs on $3 billion worth of U.S. products in retaliation to President Trump's tariffs on steel and aluminum. Most products will receive tariffs of 15-25%. Canada and the EU have also imposed retaliatory tariffs on almost $16 billion worth of U.S. products.