UPDATED: Mexico to hit US with tariffs on pork

[DonViejo]

Last edited Tue Jun 5, 2018, 06:19 PM - Edit history (1)

Source: The Hill



BY JULIA MANCHESTER - 06/05/18 11:10 AM EDT

Mexico will slap a 20-percent tariff on U.S. pork imports in response to the Trump administration's tariffs on steel and aluminum from key U.S. allies.

"Earlier today, President Enrique Peña Nieto released a Decree in response to the United States’ 232 tariffs on steel and aluminum. The United States’ decision to impose these duties contradicts the international community framework on tariffs and international trade and therefore subjects them to Chapter VIII: NAFTA Emergency Measures, which allows for Mexico’s Decree," Mexico's government said in a statement.

"The Decree suspends the preferential tariff treatment between the United States and Mexico, allowing the latter to implement duties on a variety of products such as pork meat, some types of cheese, apples, cranberries, whiskey, steel, motor boats, among others."
Reuters was the first outlet to report on the tariffs on U.S. pork imports on Tuesday.

Mexico first threatened last week to impose retaliatory tariffs U.S. pork, including pork legs and shoulders.

Read more: http://thehill.com/policy/finance/trade/390748-mexico-to-hit-us-with-tariffs-on-pork

---

UPDATE:

Mexico Hits U.S. With Tariffs, Escalating Global Trade Tensions

By Ana Swanson
June 5, 2018

WASHINGTON — Mexico hit back at the United States on Tuesday, imposing tariffs on around $3 billion worth of American pork, whiskey, cheese and other goods in response to the Trump administration’s steel and aluminum levies, further straining relations between the two countries as they struggle to rewrite the North American Free Trade Agreement.

The tariffs came as the Trump administration threw yet another complication into the fractious Nafta talks by saying it wants to splinter discussions with Canada and Mexico and work on separate agreements rather than continue three-country discussions to rewrite the 1994 trade deal.

Larry Kudlow, President Trump’s chief economic adviser, said on Tuesday that Mr. Trump’s “preference now, and he asked me to convey this, is to actually negotiate with Mexico and Canada separately.”

Mr. Kudlow, speaking on Fox and Friends, said pursuing separate deals might allow an agreement to be reached “more rapidly,” adding: “I think that’s the key point. You know, Nafta has kind of dragged on.”

more
https://www.nytimes.com/2018/06/05/us/politics/trump-trade-canada-mexico-nafta.html

[Eliot Rosewater]

1. All nations need to treat us as the enemy of the human race we are, maybe then

some of the stupidest among us will grow up.

[atreides1]

7. Not going to happen!!!

The stupidest among us were stupid before Trump showed up, they choose to remain stupid, and they will continue to be stupid after he's gone the way of the Dodo!!!

Remember, you can't fix stupid...

[Achilleaze]

2. Comrade Casino* (R) has a message for American farmers

* aka republican Draft-Dodger-in-Chief

[Sunlei]

17. The tax is on Mexico imports, there will be an increase in factory farms in usa...

Welcome to America, swine flu and horrendous conditions for animals & thousands more American (prison 20 cents an hour) workers and/or foreign visa work crews.

Mexico will just sell frozen shipping containers of 'pork' to their TPP member countries, no tariff/no taxes.

[ProudMNDemocrat]

3. Trump is laying the groundwork for a complete Corporate takeover.....

of the US Economy, and he his piece of the payoffs are increasing.

Mark my words.

[Frustratedlady]

6. Well, he's sure putting the farmers in jeopardy. Not only crops, but livestock going down.

He doesn't see past his nose.

[Kittycow]

9. The other day I read that hogs were down $12 each.

That's a pretty big hit. I think that was in Iowa.

Then some official said that there was a strong profit margin since 2014 and that they could absorb the loss, but so what? What farmer wants an unnecessary loss eating into their profits?

[Frustratedlady]

10. We'll be seeing the farm crisis of the 70-80s.

Right when the farmers were starting to plant, he announced tariffs on soybeans. I don't see soybean fields around here. They must have switched to corn, which will bring that price down, as well. Thank God I'm not in the farming arena.

He's plain and simply stupid...too stupid for the job.

[NickB79]

13. I'm still seeing fields around here unplowed

Corn stubble from last year, no equipment to be seen, despite a couple weeks of warm, sunny weather. That's not normal.

[Frustratedlady]

14. No, not at all. However, if they already bought their soybean seed...

that's not a small investment. They probably couldn't return it. Just guessing. Then, to invest in corn seed...wow.

Farmers have enough trouble dealing with Mother Nature, let alone Father Jerk.

I know there are corporate farmers who don't deserve a lot of sympathy, but I feel sorry for the young guy trying to take over his family farm. Everything is invested with the gamble they'll have a good crop and payback in the Fall.

I remember when my dad would come rolling in the driveway with a new combine or tractor and Mom would say, "There goes my dining room table...again." Every time I see a big piece of farm equipment, I can hear her saying that all these years later.

[bucolic_frolic]

4. The economic inefficiencies of Trump's trade war are staggering

adjustments to marketing, distribution, production, shipping all over the globe. All for what?

[Fullduplexxx]

5. Mexico to hit US with tariffs on pork. More winning for the rubes

[jayschool2013]

8. Build that wall

with surplus pork.

[Kittycow]

11. OMG, can you imagine the flies?

I've spent too much time visualizing a wall made out of rancid pork fat

[Gothmog]

12. trump supporters will pay the price for trump's trade war

[muriel_volestrangler]

15. Kick (nt)

[Sunlei]

16. cheap-processed ham, pulled pork in a can & bacon McMuffin will double in price.

thanks trump!

[roamer65]

18. They need to abrogate the Treaty of Guadalupe Hidalgo.

[roamer65]

19. The Mexicans will go the Brazilians and Argentines for pork.

It’s now 20 percent cheaper.