Mexico announces a 50% tariff on white corn imports
Mexico has placed a 50 percent tariff on white corn imports in a move that could further escalate trade tensions with the United States.
The good news is the majority of U.S. corn will not be impacted. White corn only makes up three to four percent of exports to Mexico. It is an effort to keep biotech corn out of the country, but in a call with reporters on Monday, Ag Secretary Tom Vilsack said USDA will closely watch the dispute settlement process under USMCA, regarding Mexico’s ban on biotech corn.
The tariff will be in place through the end of the year.