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Author Topic: 14% of US Farm Exports at Risk in Trade Disputes  (Read 7630 times)

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Offline naij

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14% of US Farm Exports at Risk in Trade Disputes
« on: June 08, 2018, 12:11:02 AM »
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More than 14 percent of $140 billion in annual U.S. farm exports have been or are likely to be hit by retaliatory tariffs in trade disputes with countries
such as China and Mexico, a top U.S. trade negotiator said Thursday.

Mexico imposed tariffs on American products including steel, pork and bourbon Tuesday, striking back against import duties on steel and aluminum imposed by U.S. President Donald Trump.

The duties raised trade tensions and further complicated efforts to renegotiate the trillion-dollar North American Free Trade Agreement between Canada, the United States and Mexico.

Trump blames the 1994 pact for U.S. manufacturing job losses to lower-cost Mexico.

Mexico is the largest export market for U.S. pork, the product likely being targeted for retaliatory tariffs more than any other commodity, said Gregg Doud, the chief agricultural negotiator for the office of the U.S. trade representative.

"We've got to get this NAFTA thing sorted out," he told a room full hog farmers at an agricultural event in Iowa.


 

 

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