U.S. President Donald Trump's plan to slap tariffs on imports of Mexican goods could slow another, often overlooked migration: the more than 1 million cows exported by Mexico across the border each year which become part of the U.S. beef supply. Tariffs on cattle crossing the border could raise
CHICAGO, June 5 - U.S. President Donald Trump's plan to slap tariffs on imports of Mexican goods could slow another, often overlooked migration: the more than 1 million cows exported by Mexico across the border each year which become part of the U.S. beef supply.
Texas-based Cactus Feeders, one of the largest U.S. cattle feeding companies, has fed up to 150,000 Mexican cattle in its feed lots at once, said Surcy Peoples, a Cactus cattle buyer and director of customer service. The lots have a capacity for 525,000 cattle. Chipotle Mexican Grill on Monday estimated a $15 million hit from Trump's proposed tariffs, and said it may cover that by raising burrito prices by around 5 cents to offset higher costs for imported avocados.
Trump's 5% tariff could threaten profits for some U.S. cattle-feeding businesses that operate on thin margins, said Jim Robb, senior economist for the center.TRADE DISPUTES WEIGH
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