National Pork Producers Council joined a coalition of 200 leading trade associations and businesses this week to lobby Congress for the ratification of the U.S.-Mexico-Canada Agreement (USMCA).
Before USMCA ratification can take place, however, U.S. tariffs on Canadian and Mexican aluminum and steel imports must be lifted. The Trump administration on June 1, 2018, imposed a 25 percent tariff on steel and a 10 percent duty on aluminum imports from Canada and Mexico (and other nations). Both countries subsequently retaliated against a host of U.S. products.
Farmers and food companies have been particularly hard hit by the Canadian and Mexican retaliation. Mexico’s 20 percent punitive tariff on U.S. pork, has inflicted severe financial harm on America’s pork producers. According to Iowa State University economist Dermot Hayes, the Mexican tariff is costing producers $12 per animal, meaning industrywide losses of $1.5 billion annually.
Additionally, this week NPPC’s Nick Giordano, vice president and counsel, global government affairs, sat down for a radio interview with (Mike) Adams on Agriculture to provide U.S. pork’s perspective on current trade disputes.