Possible Mexican retaliatory tariff list excludes U.S. corn - sources




Possible Mexican retaliatory tariff list excludes U.S. corn - sources
Possible Mexican retaliatory tariff list excludes U.S. corn - sources  

MEXICO CITY (Reuters) - Mexico has prepared a list of U.S. products that could be hit in retaliation for possible Trump administration tariffs, with a focus on Republican-leaning agricultural states but excluding corn, one of Mexico's biggest imports, officials said on Wednesday.

U.S. President Donald Trump has pledged to apply a first round of tariffs on all Mexican imports next week if President Andres Manuel Lopez Obrador's government does not stem the flow of mostly Central American migrants seeking entry to the United States.

Mexican officials met with their U.S. counterparts for talks in Washington on Wednesday aimed at reaching a deal to stave off the imposition of U.S. tariffs on Mexican goods.

Four government officials familiar with the situation, speaking on condition of anonymity because of the sensitivity of the matter, said the list, which three of the sources said was prepared by the economy ministry, was with Lopez Obrador's office.

One source said the president's office had not made a decision on retaliatory tariffs.

The products targeted are similar to those lined up in response to Trump's steel and aluminium tariffs last year, and were principally tailored toward hitting the U.S. president's electoral base, according to one of the sources.

That meant focusing on states that voted for Trump in 2016 where agriculture plays a major role in the local economy, as well as several industrial states, including Michigan, Pennsylvania and Ohio, the source added.

The list submitted to the president's office excludes U.S. corn, two of the sources said. That could change in due course, one of the sources noted.

Mexico's growing livestock industry relies on millions of tonnes of U.S.-grown yellow corn annually and industry experts say it would be extremely hard to quickly substitute the American imports with corn from other nations.

While Mexico is self-sufficient in production of white corn, used for the country's staple tortillas, it has relied for decades on yellow corn imports to feed its cows, pigs and chickens. Tariffs on corn could raise prices for a range of Mexican groceries.

Mexican importers have booked a shipment of 35,000 tonnes of Brazilian corn, an industry analyst said on Wednesday. It would be the first such shipment since January.


(Reporting by Frank Jack Daniel, Dave Graham and Anthony Esposito; Editing by Richard Chang and Peter Cooney)

COMMENTS

More Related News

Trump: Iran a
Trump: Iran a 'nation of terror,' was behind tanker attacks

Calling Iran "a nation of terror," President Donald Trump on Friday publicly accused the Persian Gulf nation of responsibility for recent attacks on oil tankers near the strategic Strait of Hormuz. Trump said Iran's culpability was "exposed" by the United States. While Iran has denied being involved in the attacks, U.S. Central Command released footage it said shows Iran's Revolutionary Guard removing an unexploded limpet mine from the Japanese-owned tanker Kokuka Courageous.

White House spokeswoman Sanders leaving job at end of month
White House spokeswoman Sanders leaving job at end of month
  • US
  • 2019-06-13 20:22:30Z

White House spokeswoman Sarah Sanders, a fierce loyalist of President Donald Trump, will leave her job at the end of the month to return to her home state of Arkansas, Trump said on Thursday. The Republican Sanders, who is 36 and has three young children, has drawn fire from the White House Correspondents Association for limiting daily briefings, with Trump preferring to take questions himself from reporters and command the White House stage. The last briefing was 94 days ago, but Trump answers questions from reporters on a near-daily basis, including two extended sessions with them on Wednesday.

Federal agency recommends that Kellyanne Conway be removed from service
Federal agency recommends that Kellyanne Conway be removed from service

The government office that oversees compliance with the Hatch Act has recommended that White House counselor Kellyanne Conway be removed from federal service.

Pelosi says Trump giving Russians 'green light' to attack US elections
Pelosi says Trump giving Russians 'green light' to attack US elections

Pelosi says Trump is giving Russia 'the green light' to attack U.S. elections with his comments saying he'd accept foreign dirt on an opponent.

Trump says he
Trump says he'd 'want to hear' foreign dirt on his rivals

President Donald Trump says that if a foreign power offered dirt on his 2020 opponent he'd be open to accepting it and that he'd have no obligation to call in the FBI. Trump's comments, aired Wednesday and Thursday, come as congressional investigations into Russian interference in the 2016 election continue, and they drew sharp response from his would-be Democratic rivals. On Thursday, the House Intelligence Committee subpoenaed former White House national security adviser Michael Flynn and former Trump campaign aide Rick Gates as part of its ongoing probe.

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: Economy

facebook
Hit "Like"
Don't miss any important news
Thanks, you don't need to show me this anymore.