Last week, the Mexican Ministry of Economy announced that in retaliation for new tariffs on U.S. steel and aluminum imports, Mexico intends to impose tariffs on some U.S. pork cuts and pork products. Full details – such as the tariff rate and the exact products to which the tariffs could apply – are not entirely clear at this time. USMEF will provide more information as these details become available. In 2017, Mexico was the largest volume market for U.S. pork exports at more than 800,000 metric tons, valued at $1.51 billion.
Statement by U.S. Meat Export Federation (USMEF) President and CEO Dan Halstrom:
It will be very unfortunate if U.S. pork exports to Mexico, which deliver tremendous benefits to both the U.S. supply chain and to Mexican consumers, importers, processors, retailers and restaurants, no longer enjoy duty-free access to this critical market. It is especially frustrating to see U.S. pork caught up in a dispute that has nothing whatsoever to do with pork trade. If these tariffs are implemented, they will negatively impact millions of consumers and thousands of people in the meat and livestock industries on both sides of the border. USMEF is hopeful that this impasse will be resolved as soon as possible, with duty-free access for U.S. pork maintained. This is especially important now that key competitors such as the European Union are making market access gains in Mexico and view it as a promising market for their pork products.
Canada’s Department of Finance also announced that the Canadian government intends to impose countermeasures in response to the steel and aluminum tariffs.
USMEF Statement on Possible Retaliatory Tariffs; More Details to Come