# Exclusive: Mexico studies tariffs on billions of dollars of U.S. corn, soy

> Mexican officials told Reuters that Mexico could target about $4 billion in annual US corn and soybean imports if President Trump escalates the trade dispute with new tariffs. Mexico is studying ways to reduce the impact of such a move, and it imported some Brazilian corn and soybeans in the first quarter.

- Date: 2018-06-14 · published 2018-06-14T12:00:00.000Z
- Category: trade · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/64506-exclusive-mexico-studies-tariffs-on-billions-of-dollars-of-u-s-corn-soy
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A possible Mexican tariff on US corn and soybeans would threaten a major export outlet, adding bearish pressure on US corn and soy values and supporting Brazilian export competitiveness.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-08-22 | [Exclusive: Mexico says it won't modify decree on GM corn ahead of USMCA panel](https://feedsoft.ai/events/34538-exclusive-mexico-says-it-won-t-modify-decree-on-gm-corn-ahead-of-usmca-panel.md) | +1.6% | -9.0% |
| CORN | 2020-11-20 | [China Targets U.S. Farm Imports With Tariffs on Soy, Corn - Pork Business](https://feedsoft.ai/events/50015-china-targets-u-s-farm-imports-with-tariffs-on-soy-corn-pork-business.md) | +0.1% | +1.2% |
| 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% |
| CORN | 2019-07-31 | [Tariffs or No Tariffs, US Corn May Be Too Expensive for China - TT](https://feedsoft.ai/events/57949-tariffs-or-no-tariffs-us-corn-may-be-too-expensive-for-china-tt.md) | -5.0% | -9.9% |
| CORN | 2019-08-23 | [China to impose extra tariffs on U.S. soy, beef and pork](https://feedsoft.ai/events/57438-china-to-impose-extra-tariffs-on-u-s-soy-beef-and-pork.md) | +1.8% | +1.4% |
| SOY | 2018-12-31 | [Trade wars cost U.S., China billions of dollars each in 2018](https://feedsoft.ai/events/61652-trade-wars-cost-u-s-china-billions-of-dollars-each-in-2018.md) | +3.3% | +4.1% |
| SOY | 2021-07-29 | [U.S. Trade Tariffs on China Near $100 Billion](https://feedsoft.ai/events/45924-u-s-trade-tariffs-on-china-near-100-billion.md) | -2.0% | -6.0% |
| SOY | 2025-09-10 | [US misses out on billions of dollars of China soybean sales midway through peak season \| Reuters](https://feedsoft.ai/events/14634-us-misses-out-on-billions-of-dollars-of-china-soybean-sales-midway-through-peak.md) | +3.8% | +1.0% |

## Sources

- reuters.com: https://www.reuters.com/article/us-usa-trade-mexico-exclusive/exclusive-mexico-studies-tariffs-on-billions-of-dollars-of-u-s-corn-soy-idUSKBN1JA353/

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