Mexico ready to hit the US where it hurts: Corn

[blackascoal]

Mexico ready to retaliate by hurting American corn farmers

Mexico is one of the top buyers of American corn in the world today. And Mexican senator Armando Rios Piter, who leads a congressional committee on foreign relations, says he will introduce a bill this week where Mexico will buy corn from Brazil and Argentina instead of the United States.

It's one of the first signs of potential concrete action from Mexico in response to President Trump's threats against the country.

"I'm going to send a bill for the corn that we are buying in the Midwest and...change to Brazil or Argentina," Rios Piter, 43, told told CNN's Leyla Santiago on Sunday at an anti-Trump protest in Mexico City.
He added: It's a "good way to tell them that this hostile relationship has consequences, hope that it changes."

American corn goes into a lot of the country's food. In Mexico City, from fine dining restaurants to taco stands on the street, corn-based favorites like tacos can be found everywhere.

American farmers sent $2.4 billion of corn to Mexico in 2015, the most recent year of available data. In 1995, the year after NAFTA became law, corn exports to Mexico were a mere $391 million.
Experts say such a bill would be very costly to U.S. farmers.
http://money.cnn.com/2017/02/13/news...orn/index.html

[tsuke]

good. lets start the trade war

we can sell corn elsewhere. If the mexicans can afford it im sure others can as well.

[anatta]

it's some Mexican Senator saying he would retaliate against tariffs. Upcoming NAFTA negotiations preclude any such moves by anyone.It's just more hot air..wait till we see what happens..or jump the shark and "resist"

[blackascoal]

good. lets start the trade war

we can sell corn elsewhere. If the mexicans can afford it im sure others can as well.

Trump started the war by threatening it.

There are other nations who sell corn. No one has to buy it from the US.

.. and if you think this won't hurt American farmers .. OK. :0)

Farm country could lose big in a trade war

For Minnesota and the rest of the Midwest, it likely means farmers are hurt even more than they have been in recent years by low prices caused by abundant crops.

The U.S. exported $2.3 billion worth of corn in 2015, as well as soybeans ($1.4 billion), dairy products ($1.3 billion), pork & pork products ($1.3 billion), and beef & beef products ($1.1 billion).

The losses in a trade war with Mexico are on top of the losses caused by the decision to pull out of the Trans-Pacific Partnership earlier this week.

“It would be really damaging for us, given that so much of our products go to Mexico now,” Dermot Hayes, an Iowa State University agricultural economist, said earlier this week.
http://blogs.mprnews.org/newscut/201...n-a-trade-war/

[Darth Omar]

Wait till the wall gets built then Mexico can choke on their drugs.

[cawacko]

Wait till the wall gets built then Mexico can choke on their drugs.

I assume you're being facetious about that

[grapnel]

Mexico should probably look into the reliability of crops from Brazil and Argentina. There would a corn shortage in Mexico if they left U.S. suppliers.

[Celticguy]

Doesn't matter who they buy from. Somebody is buying it all and they still need it.

[canceled.2021.2]

I am all for it. Let them do it

[canceled.2021.2]

Mexico should probably look into the reliability of crops from Brazil and Argentina. There would a corn shortage in Mexico if they left U.S. suppliers.

How dare you being up economics with our resident angry negro.

Argentina is a socialist country. They have cheap corn coming out the wazoo

[Micawber]

I only buy it when it is like 5 ears for a buck. But I do like popcorn.

[Cancel 2018.2]

[NOVA]

it's some Mexican Senator saying he would retaliate against tariffs. Upcoming NAFTA negotiations preclude any such moves by anyone.It's just more hot air..wait till we see what happens..or jump the shark and "resist"

Well, bac seems to be a reliable source of hot air.....Jarod, Cfan, and Thingy need some competition anyway.... just fooling with ya, guy's.....

[NOVA]

The U.S. goods trade deficit with Mexico was $58 billion in 2015 and we want to cut it...so bring it on....

[tsuke]

The distinction between Trade and Warfare is seen only by those who have no experience of either.