The Mexican government in late June announced a 50% tariff on all white corn imports, a move that is estimated to impact about 1% of U.S. corn production but 20% of U.S. corn exports to Mexico.
The new tariff, coming just three years after the U.S.-Mexico-Canada Agreement (USMCA) deal was ratified, draws another line in the sand between U.S. trade policy and Mexican President Andres Manuel Lopez Obrador.
The Associated Press and others initially reported the Mexican tariffs, which were published in Mexico’s official journal on June 24.
Mexico’s government cited that “white corn is of the utmost importance in the diet of Mexicans, with an annual per capita consumption of 346 kg, and it is the grain with the highest production in the country with an 88.2% participation in the n*-
No comments:
Post a Comment