Mexico is turning to the European Union and Latin America to offset any potential declines in U.S. pork imports. Mexico recently announced a 20 percent tariff on U.S. pork shoulders and legs starting next month in response to steel and aluminum tariffs placed on Mexico by the Trump administration. Mexican officials told Politico the nation will allow 350,000 tons of …
Mexico Calling for Flexibility in NAFTA Talks
Mexico is calling for flexibility in the North American Free Trade Agreement talks. A trade official from Mexico said Monday that the only way the countries renegotiating NAFTA will find a solution is through “sufficient flexibility” to narrow differences. Further, the official says Mexican and Canadian negotiators will be “engaging strongly” in July to reach an agreement that is “feasible, …
Mexican Cheese Tariffs Could Devastate American Dairy Export Sales
Mexico is an important export market for American dairy, specifically cheese. Mexico takes up 28 percent of all U.S. cheese exports, which means it buys more American cheese than any other market. Mexico put the tariffs in place in response to the tariffs on steel and aluminum put into effect by President Trump. U.S. Dairy Export Council President and CEO …
More Tariffs From Mexico Planned
More tariffs are expected from Mexico after the nation announced its 20 percent tariff on U.S. pork earlier this week. The list of tariffs from Mexico includes apples, cheeses, potatoes, cranberries, and “Tennessee” and bourbon whiskies, among other items. Mexico is responding to U.S. steel and aluminum tariffs enacted by President Trump and put into place last week, after exempting …
Pork Producers Respond to Mexican Retaliation
Mexico levied punitive tariffs – 10 percent effective today (June 5, 2018), escalating to 20 percent on July 5 – on unprocessed pork (not including variety meats) in retaliation for tariffs on its metal exports to the United States. Mexico’s decision follows similar retaliation in early April by China, which imposed additional 25 percent tariffs on U.S. pork, reducing live …
Agriculture Groups Oppose Tariffs
The White House announced that it plans to impose tariffs on steel and aluminum imports from the European Union, Canada and Mexico. And many fear that will trigger potential retaliatory actions against American agriculture. Thus, various groups have sent out releases voicing their opposition to these tariffs. National Pork Producers Council NPPC Statement on Latest Steel and Aluminum Tariffs The …
NAFTA Talks Continue, Time Running Short
Negotiations of the North American Free Trade Agreement (NAFTA) continue this week in Washington, as all sides are trying to wrap up the talks quickly. Canada’s foreign minister Chrystia Freeland is in Washington this week, meeting with U.S. Trade Representative Robert Lighthizer and others, according to Bloomberg News. However, absent from the table is Mexico’s Economy Minister, who is attending …
U.S. and Mexico Talking Cars in NAFTA 2.0 Discussions
Two sources familiar with the negotiations have told Bloomberg that the U.S. and Mexico are discussing automobiles in an attempt to break an impasse over auto-production rules in an updated North American Free Trade Agreement (NAFTA). The anonymous sources say officials are meeting to discuss Mexico’s automotive proposal. The auto issue has been a key sticking point during the nine …
Administration Focusing on Good, Not Quick, NAFTA 2.0
Bloomberg says the U.S., Canada, and Mexico are all on separate pages when it comes to a new North American Free Trade Agreement. Treasury Secretary Steven Mnuchin says the administration is more focused on reaching a good deal rather than an immediate one. Mnuchin says it doesn’t matter if it’s passed in this session of Congress or the next one. …
NAFTA 2.0 Likely Not Done This Year
At the Thursday, May 17 deadline for the North American Free Trade Agreement (NAFTA) negotiations, there isn’t an agreement in place and no end in sight to negotiations. Politico says divisions among negotiators from the U.S., Mexico, and Canada on difficult issues are driving a stake through the heart of President Donald Trump’s goal of signing a new agreement into …