As tensions between the U.S. and Mexico continue to escalate, Mexico is preparing to retaliate should the President Donald Trump’s 5% tariffs go into effect in June 5. Fortunately for corn farmers, Reuters is reporting corn is not on Mexico’s retaliation list.
Mexican officials announced Wednesday that Mexican President Andres Manuel Lopez Obrador has received an official list of U.S. products that would be subject to retaliatory tariffs if necessary.
“Four sources familiar with the situation, who spoke on condition of anonymity due to the sensitivity of the matter, said the list was with Lopez Obrador’s office,” according to Reuters. “The products targeted are similar to those lined up in retaliation to Trump’s steel and aluminum tariffs last year and are principally tailored towards hitting the U.S. president’s electoral base, according to one of the sources.”
While Mexico’s strategy is to target American agriculture, Retuers’ sources say corn is off the list at this point. “That could change in due course,” one of the sources said.
Why leave corn alone? Well, Mexico has a large and growing livestock sector with the inability to produce enough corn to feed all those animals, analysts say. According to Reuters, Mexico is self-sufficient in white corn production, but has relied on yellow corn imports for decades.
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