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lunes, 27 de marzo de 2017

Calling Donald Trump's anti-NAFTA bluff, Mexico is looking to get its corn from elsewhere

Calling Donald Trump's anti-NAFTA bluff, Mexico is looking to get its corn from elsewhere

- US president Donald Trump’s threats to upend existing free-trade agreements so far amount to bluster, but that’s not stopping Mexico from taking steps to protect itself. In a move to safeguard his country’s national interests, Mexican deputy economy minister Juan Carlos Baker confirmed to the Financial Times (paywall) over the weekend that his country is in talks with Argentina and Brazil to create duty-free relationships for corn imports. Mexico currently gets about 98% of its corn from the US. If those arrangements materialize, it will hit US farmers—the very people that Trump often says he’s protecting from bad trade deals.