Egg Industry News and Commentary

  —  Mar 8

 
Mexico Intransigent over Tariffs and Quotas

    

According to Luis Videgaray, Foreign Minister of Mexico, the Nation will not accept tariffs, quotas or restriction of free trade if the NAFTA agreement is renegotiated.

The implications of renegotiating the NAFTA agreement are self-evident and critics of the proposed Border Adjustment Tax maintain that the measure will inevitably result in a rise in prices to consumers.  In addition, a global trade war may actually curtail U.S. exports, job opportunities and economic growth.

  

Advantages of the border tax relate to encouraging domestic production and reducing the upward trend in the value of the U.S. dollar.