Trump Touts New Farm Trade Pact In Deal With Mexico That Doesn't Appear To Exist
06/09/2019 01:37 am ET
Theres no mention of it in State Department declaration, and Mexican officials tell Bloomberg theyre not aware of it.
By Mary Papenfuss
Donald Trump crowed on Twitter Saturday that the new deal with Mexico involves an agreement to immediately begin buying large quantities of U.S. farm products. But theres not a word about that in the joint declaration on the agreement issued by the State Department and Mexico. Three Mexican officials with knowledge of the deliberations also told Bloomberg that theyre unaware of any such agreement.
The issue was not raised during negotiatons, the officials told Bloomberg.
The New York Times reported Saturday that much of what was outlined in the joint declaration concerning Mexicos efforts to stem the number of immigrants heading to the U.S. border was already promised by Mexico over the past several months. It was not in response to Trumps threat to impost tariffs on Mexican products, according to the Times.
As for purchasing farm produce, Mexico has always been a major buyer of U.S. agricultural products. U.S. exports of agricultural products to Mexico last year totaled $20 billion in 2018, making it Americas second-largest largest agricultural export market, according to U.S. statistics. It buys large amounts of American corn, dairy, soybeans and pork and pork products.
The fear was that Trumps threatened tariffs on Mexican products would trigger retaliatory tariffs that would likely hurt U.S. farmers.
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https://www.huffpost.com/entry/trump-nonexistent-farm-trade-deal_n_5cfc8146e4b02ee34778348b