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workinclasszero

(28,270 posts) Sat Jun 2, 2018, 01:18 PM Jun 2018

Trade war: Mexico pork tariff threats push Iowa losses to $560 million

Donnelle Eller, deller@dmreg.com Published 12:22 p.m. CT June 1, 2018

Iowa pork producers already dealing with a 25 percent tariff on U.S. pork exports to China could face another trade hit, with Mexico considering a 20 percent tariff on hams and pork shoulders.

Growing trade worries have cut pork prices in recent weeks, costing Iowa producers about $560 million, said Dermot Hayes, an Iowa State University economist.

Mexico is the largest export market for U.S. pork, based on volume.

Mexico bought $1.5 billion of U.S. pork last year, followed by China-Hong Kong at nearly $1.1 billion.

The tariffs are "potentially devastating news for Iowa’s pig farmers and the rural Iowa economy," said Gregg Hora, president of the Iowa Pork Producers Association.

https://www.desmoinesregister.com/story/money/agriculture/2018/06/01/mexico-pork-tariff-trade-war-threats-iowa-producer-losses-trump-steel-canada-china-exports-ham/663212002/

4 replies

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Trade war: Mexico pork tariff threats push Iowa losses to $560 million (Original Post) workinclasszero Jun 2018 OP

Maybe they should not have voted for Trump? Sophia4 Jun 2018 #1

Nah! It's more important to screw over minorities than it is to make a living. smirkymonkey Jun 2018 #2

Naw the blond bombshell on Faux "news" and serious journalist Hannity says workinclasszero Jun 2018 #3

The blame for this will be shifted... N_E_1 for Tennis Jun 2018 #4

Sophia4

(3,515 posts)

1. Maybe they should not have voted for Trump?

Reply to workinclasszero (Original post)

Sat Jun 2, 2018, 01:32 PM

Jun 2018

smirkymonkey

(63,221 posts)

2. Nah! It's more important to screw over minorities than it is to make a living.

Reply to Sophia4 (Reply #1)

Sat Jun 2, 2018, 01:34 PM

Jun 2018

They'll be fine.

workinclasszero

(28,270 posts)

3. Naw the blond bombshell on Faux "news" and serious journalist Hannity says

Reply to Sophia4 (Reply #1)

Sat Jun 2, 2018, 01:40 PM

Jun 2018

its all a plot by the DEEP STATE and Hillary and Obama and libs....

N_E_1 for Tennis

(9,807 posts)

4. The blame for this will be shifted...

Reply to workinclasszero (Original post)

Sat Jun 2, 2018, 02:17 PM

Jun 2018

to more than likely, Obama, or at least to his economic policies. It will be repeated over and over again from various sources. They will believe that scenario and vote for the Dotard again.
If he can survive till 2020, politically or physically or both.

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