The Mexican government has published a list of United States’ (US) agricultural products subject to higher import tariffs in retaliation for the US tariffs on imported steel and aluminum. Pork cuts and hams, previously tariff-free under the terms of the North American Free Trade Agreement (NAFTA), were prominently featured.
Tariffs on chilled and frozen pork cuts have now increased to 10 percent, but they will rise to 20 percent as of July 5, 2018. In 2017, 800,000 tonnes of pork valued at $1.51 billion were exported to Mexico. These new tariffs jeopardize Mexico’s status as the number one importer of US pork products, causing the industry to question which country will absorb the excess volume. As more countries impose tariffs in response to new US protectionist trade policies, Gro Intelligence provides subscribers with the data and analytics necessary to stay ahead of global markets.