OTHER NEWS - Nov. 12, 1992

Mexico Increases Tariffs on U.S. Beef: Mexico imposed tariffs on U.S. cattle and beef imports, infuriating American ranchers already nervous about the proposed North American Free Trade Agreement. The tariffs, higher than existing U.S. tariffs on Mexican meat, took effect Tuesday. They would be eliminated if Congress ratifies the free trade pact negotiated by the Bush Administration this year. Mexican ranchers pushed for the tariff because of their country’s high feed costs and the fact that beef imports are rising. The tariffs are 15% on live cattle, 20% on fresh beef and 25% on frozen beef. U.S. tariffs range from 1.2% on Mexican cattle to 10% on beef.