# Exclusive: Biden administration moving to escalate energy trade dispute with Mexico

> The Biden administration is reportedly moving to escalate a trade dispute with Mexico over GM corn imports. Mexico buys about $5 billion of US GM corn annually, mostly for livestock feed.

- Date: 2023-09-06 · published 2023-09-06T12:00:00.000Z
- Category: trade · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/34076-exclusive-biden-administration-moving-to-escalate-energy-trade-dispute-with
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Escalation raises the risk of tariffs or restricted access to a major export market for US corn, a bearish risk for corn and feed-grain prices.

## Read by commodity

- CORN: bearish ▼
- DDGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-08-17 | [US escalates Mexico corn trade spat with dispute panel request](https://feedsoft.ai/events/34537-us-escalates-mexico-corn-trade-spat-with-dispute-panel-request.md) | +1.2% | -1.4% |
| CORN | 2023-02-14 | [As Mexico Implements New Decree, NCGA Amplifies Call for Biden Administration to Initiate Dispute Settlement Under USMCA](https://feedsoft.ai/events/37297-as-mexico-implements-new-decree-ncga-amplifies-call-for-biden-administration-to.md) | -0.8% | -5.8% |
| CORN | 2023-01-25 | [Trade Retaliation Threatened in USMCA Dispute with Mexico \| Sandler, Travis & Rosenberg, P.A.](https://feedsoft.ai/events/37746-trade-retaliation-threatened-in-usmca-dispute-with-mexico-sandler-travis-and.md) | -0.2% | +0.4% |
| CORN | 2018-05-31 | [Trump administration will put steel and aluminum tariffs on Canada, Mexico and the EU](https://feedsoft.ai/events/65224-trump-administration-will-put-steel-and-aluminum-tariffs-on-canada-mexico-and.md) | -2.2% | -7.3% |
| CORN | 2022-10-27 | [EXCLUSIVE: EXCLUSIVE Mexico to proceed with GMO corn ban, seeks international grain deals -official \| Reuters](https://feedsoft.ai/events/39106-exclusive-exclusive-mexico-to-proceed-with-gmo-corn-ban-seeks-international.md) | -2.0% | -2.6% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/biden-administration-moving-escalate-energy-trade-dispute-with-mexico-2023-09-06/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.