HOUSTON (Reuters) - Oil giant Chevron Corp said on Friday the imposition of new tariffs may lead to retaliation by Mexico impairing the development of that nation's recently opened market for imports of U.S. gasoline and diesel.

"Chevron supports free and fair trade, and believes the imposition of new tariffs should be balanced against the potential for new retaliatory actions that impair the development of new markets," company spokesman Braden Reddall said.

(Reporting by Erwin Seba; Editing by Leslie Adler)