Some producers say retaliatory tariffs are continuing to damage U.S. agricultural income.
The National Pork Producers Council says producers are suffering significant harm as a result of Mexico’s 20% punitive tariffs. An Iowa State study showed Iowa hog producers lost about twelve dollars an animal to the Mexican tariffs, and when combined with China’s tariffs, producers lost $18.81 per pig.
The National Milk Producers Federation projected back in July that Mexican cheese tariffs would cost dairy producers $1.10 per hundredweight in the second half of the year, and that the futures market would lose more than two billion dollars in 2018.
Continue reading Ag producers hope for end to retaliatory tariffs at Brownfield Ag News.
