Mexico will add new retaliatory tariffs on additional U.S. goods unless Washington moves to resolve an ongoing trucking dispute. Mexico says Washington has not lived up to its end of the 1994 North American Free Trade Agreement deal, according to a Reuters report.

President Felipe Calderon's government put tariffs on U.S. pork products and other goods in August, aiming to pressure the United States to allow Mexican trucks full access to U.S. highways. The "clock is ticking" for action, Mexico's economy minister told Reuters.

Mexican Economy Minister Bruno Ferrari said U.S. President Barack Obama's administration had been slow to deliver a promised new proposal to resolve the issue.

"I haven't seen any specific plan on my desk," Ferrari said on Thursday in an interview in the Japanese port city of Yokohama, where he was attending a ministerial meeting of the Asia-Pacific Economic Cooperation.

Read the full report.

Source: Reuters