Tue, 23 Jan 2018
Reuters reports on what might happen if NAFTA talks collapse between Canada, the US, and Mexico.
US poultry exports to Mexico, valued at $1 billion each year, may face challenges if Mexico raises tarrifs as a response to the cessation of the North American Free Trade Agreement. A 75 percent tarrif would only add to the difficulties already faced by the US poultry industry as a result of the higher tarrifs China introduced in 2010.
According to the Reuters report, 250,000 chickens are processed each day at a major Texan plant. Higher tarrifs could lead to a flood of chicken in the US, owing to increased competition from Brazil.
To read the full article from Reuters, click here.