As Trump Trashes NAFTA, Mexico Turns To Brazilian Corn

[damirUSBiH + 327]

The U.S. is already on course to lose its position as the top global corn exporter. Mexico has long been the top importer of U.S. corn, and is the second largest buyer of U.S. soybeans. But, the possibility of trade tariffs because of NAFTA re-negotiations is main reason for Mexico to increase their corn import from Brazil and Argentina. And, as economic logic says: Once you lose a market, even a small portion of that market, you might never get that amount back!

[Pavel + 384]

American farmers are worried with reason because of this.

5 minutes ago, damirUSBiH said:

...Mexico has long been the top importer of U.S. corn, and is the second largest buyer of U.S. soybeans.

American farmers are worried with reason because of this.

[Petar + 76]

This is a facts: 1. US corn is the cheapest in the world. 2. Mexico has bought more corn last year from the US than at any other point ever. Brazil is growing a crop 15% less than a year ago. 3. Argentina is in drought looking at 20% yield losses. Of course, NAFTA re-negotiations could be plus or minus for future, but as I said, for now no reason for fear.

[franco + 96]

Money talks...

[Pavel + 384]

I had read 40% of the $63 billion trade deficit with Mexico is US content coming back.

[damirUSBiH + 327]

Although the US has a trade deficit with Mexico, it has trade deficits with lots of countries. The renegotiation of NAFTA could sky rocket costs for American producers and hurt consumers.

[franco + 96]

US trade deficit in goods with Mexico. Last 6 years: 

•2017: $71 billion (widest since 2007)
•2016: $64 billion 
•2015: $60 billion 
•2014: $55 billion
•2013: $55 billion
•2012: $62 billion

[damirUSBiH + 327]

I'm not sure how will NAFTA improve better trade deals!? Why? Canada and Mexico have already made deals with other countries and, in one hand, left the US out. The deal with Argentina alone will cost U.S. farmers $15B a year alone. NAFTA must be good platform to continue, not to brake trade deals.