BUSINESS BRIEFING / TRADE
Mexican trucking firms are seeking $6 billion in compensation from the U.S., alleging that their northern neighbor isn’t complying with a cross-border trucking plan under the North American Free Trade Agreement.
About 4,500 trucking companies represented by the National Freight Transportation Chamber, known by its Spanish acronym, Canacar, plan to take part in the lawsuit, the chamber said. The companies say the U.S. hasn’t complied with a 2001 ruling by a panel of judges that the U.S. was violating NAFTA.
The U.S. Congress canceled a pilot program in March that allowed some Mexican trucks to haul goods into the U.S. Mexico retaliated by placing $2.4 billion in import tariffs on U.S. goods, including fruits, toothpaste and coffee.
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