President Donald Trump's decision to lift steel and aluminum tariffs on Mexico and Canada is welcome news for the U.S. pork industry, which estimates Mexico's retaliatory tariffs on U.S. pork products have cost the industry about $1.5 billion.
President Donald Trump's decision to lift steel and aluminum tariffs on Mexico and Canada is welcome news for the U.S. pork industry.Canada and Mexico last year bought just over 40% of the pork that was exported from the United States.
, while also confirming Canada and Mexico would remove tit-for-tat tariffs they imposed on a variety of American products. According to Herring, Mexico's 20% retaliatory tariff on U.S. pork products have cost the industry about $1.5 billion. He estimates the tariff has cost producers about $12 per animal in losses.
Canada, meantime, purchased $765 million worth of American pork last year, down from $792 million in 2017. Pork exports to Canada peaked in 2014 when they topped $900 million.
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