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Mexico’s Tariffs Will Impact U.S. Pork

Published June 6, 2018

On Tuesday, Mexico imposed an immediate 10 percent tariff on U.S. pork legs and shoulders. A 20 percent tariff will go into effect July 5. Mexico opened a tariff-free quota for pork imports from other countries. The National Pork Producers Council Director of Communications Dave Warner says U.S. pork producers trust President Trump is working to get a good trade deal. Warner also says trade tariffs are impacting a farmer’s business. “Just from the tariff that China put on at the beginning of April, hog futures have dropped $18 a head, which is a lot of money. With this move now by Mexico, we could see that number going up and it’s just not going to be good.” President Trump previously suggested there could be a plan in place to protect farmers hurt by tariffs. Warner says he hasn’t heard an update on the plan.

 

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Categorized Under: Top StoriesLatest NewsMarketsLivestock
Tagged Under: Dave WarnerNational Pork Producers Councilporktrade
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