Mexico Imposes Retaliatory Tariffs on $3 Billion Worth of U.S. Goods

Mexico Imposes Retaliatory Tariffs on $3 Billion Worth of U.S. Goods

Mexico retaliated against the Trump Administration last week by imposing tariffs on about $3 billion worth of American pork, steel, cheese, and other goods, according to the New York Times. This is in response to levies imposed by the Trump administration on steel and aluminum.

This tax war brings to light the increasingly strained relationship between the two countries as they work to rewrite the North American Free Trade Agreement (NAFTA.)

Farmers, who are among those most vulnerable to the Mexican tariffs, said the tariffs would devastate American agriculture.

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Jeff Bezos-Backed Farm Aims to Revolutionize Conventional Agriculture

Jeff Bezos-Backed Farm Aims to Revolutionize Conventional Agriculture

Foodable has reported on indoor vertical farming in the past, but this startup is getting a major boost early on as it expands to compete in new markets.

Plenty, a Bay Area-based, vertical farming startup, will be expanding into Washington state with the help of a $200 million investment from this summer.

The company is backed by Jeff Bezos among other investors, and it has set plans to open a 100,000-square-foot warehouse in greater Seattle area— in Kent, Washington, to be exact— to become Plenty’s second vertical farm location. The new facility will be twice the size of the original one.

Out of all the vertical farming startups, this company has been able to raise the most money. However, what is most significant about Plenty is not its ability to appeal to investors, but the fact that it will be able to grow 4.5 million pounds of greens annually.

As reported by “Business Insider,” the amount of produce that will be grown in this new facility will be “enough to feed around 183,600 Americans, according to the USDA.”

Founded in 2014, Plenty “claims to grow up to 350 times more greens than conventional farms of similar size, while using much less water and land,” according to “Business Insider.”

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Washington Report: The Stakes for American Agriculture as Trump Moves Toward Building the Wall

In his first 14 days in office, President Trump has signed seven executive orders, many of which have come under fire like the "7-Nation Ban." Despite the continued protests have continued, Trump seems to be following the platform he set during his campaign.

One of President Trump’s campaign promises was to build a border wall between the United States and Mexico. In line with that platform, he signed an executive order on January 25 that directed the immediate construction of a border wall using federal funds. Thus far, no construction has taken place.

Mexico-American relations have been strained since Trump first proposed the border wall idea. He insisted that Mexico would pay for the wall however, Mexican officials have repeatedly stated they would not.

What effect could this strained relationship with Mexico have on our agriculture industry and food costs?

Imports coming into the U.S. from Mexico have been a hot topic because of proposed methods of paying for the border wall. Mexico is the United States' second largest supplier of agricultural imports, with U.S. agricultural imports totalling $21 billion in 2015.

Not many people have considered America’s exports to Mexico and how they may be affected. Mexico is United States' third largest agricultural export market, with the U.S. sending $17.7 billion dollars of agricultural goods to Mexico in 2016. These goods include corn, soybeans, dairy, pork, and beef.

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