March 10, 2010
Today marks the one-year mark since President Barack Obama signed the Omnibus Appropriations Act of 2009, which among its many details included a provision to end funding for the Cross-Border Trucking Demonstration project, which allowed a limited number of Mexican and U.S. trucks to cross the border freely.
Mexico almost immediately retaliated with tariffs on 90 U.S. goods. With restrictions on the border seemingly no closer to easing, the U.S. Chamber of Commerce is claiming that more $1.5 billion of manufactured products and $900 million in U.S. agricultural products, not to mention 25,000 jobs, have been impacted by the tariffs.
“Just weeks ago, the business community cheered President Obama when he set the goal at his State of the Union address to double U.S. exports,” John Murphy, vp of international policy for the Chamber, said during a media briefing. “We’d love to double U.S. exports, not cut them in half. But that is exactly what is happening to some U.S. exports to Mexico.”
This article was posted: Wednesday, March 10, 2010 at 12:48 pm