Farm groups warned the White House against proposed new tariffs on Mexico, predicting they could trigger retaliatory trade actions from Mexico and again impede exports to one of the top markets for U.S. crops and meat. “American pork producers cannot afford retaliatory tariffs from its largest export market,” said David Herring, president of the National Pork Producers Council. The trade group estimated that tariffs over the last year from Mexico and China so far have cost U.S. pork producers $2.5 billion.

Source: Wall Street Journal May 31, 2019 16:07 UTC