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Mexico’s new U.S. pork tariffs has a $68 million price tag for Virginia farmers

AFP

moneyU.S. Senators Mark R. Warner and Tim Kaine released the following statement after several countries announced retaliatory tariffs in response to President Trump’s decision to impose tariffs on key U.S. allies.

“President Trump’s decision to impose tariffs on some of our closest allies is threatening the livelihood of Virginia farmers. The European Union, Canada, and Mexico are now starting to retaliate by imposing steep tariffs of their own on many products produced in Virginia, like pork, apples, corn, and grapes. Over the last few months, we have met with Virginia farmers who have stressed the importance of stability. Instead, the President is starting a trade war that will make it harder for them to export their products overseas, and make food, beverages, and other everyday products more expensive here at home. When Virginians go to the store to buy beer or groceries this summer, they’ll likely pay higher prices because of Trump’s actions. We urge the President to reverse course, make it clear to our allies and trade partners that we are honest brokers, and give some peace of mind back to farmers and families in Virginia.”

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