# Trade-War Drums: Is Mexico Ready to Fire at the US Corn Belt? | Wolf Street

> Wolf Street reports that Mexico has retaliated against US steel tariffs with duties on US products including pork, whisky and cheese, while the Mexican government has so far ruled out tariffs on corn, beans and soy. Calls for targeting US corn are growing, and Mexico is the third-largest US agricultural export market.

- Date: 2018-06-09 · published 2018-06-09T12:00:00.000Z
- Category: trade · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/64507-trade-war-drums-is-mexico-ready-to-fire-at-the-us-corn-belt-wolf-street
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Rising risk of Mexican duties on US corn, the largest buyer of US corn after the EU and Japan, raises downside risk for US corn and feed-grain prices, while pork tariffs weigh on hog demand.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-04-02 | [Mexico Ready to Play the Corn Card in Trade Talks](https://feedsoft.ai/events/71458-mexico-ready-to-play-the-corn-card-in-trade-talks.md) | -0.9% | +1.5% |
| CORN | 2020-06-03 | [Mexico is ready to retaliate to injure American corn farmers](https://feedsoft.ai/events/52568-mexico-is-ready-to-retaliate-to-injure-american-corn-farmers.md) | +0.9% | +3.2% |
| CORN | 2018-10-03 | [Is the corn market about to feel a soybean trade war hangover?](https://feedsoft.ai/events/62575-is-the-corn-market-about-to-feel-a-soybean-trade-war-hangover.md) | -1.7% | -1.3% |
| CORN | 2017-11-07 | [Don’t Bet the Farm or the (GOP) House on a Trade War with Mexico](https://feedsoft.ai/events/67964-don-t-bet-the-farm-or-the-gop-house-on-a-trade-war-with-mexico.md) | -1.0% | -0.6% |
| 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% |
| SOY | 2017-11-07 | [Don’t Bet the Farm or the (GOP) House on a Trade War with Mexico](https://feedsoft.ai/events/67964-don-t-bet-the-farm-or-the-gop-house-on-a-trade-war-with-mexico.md) | -2.1% | +2.5% |
| SOY | 2018-10-12 | [Trade War Drives Farmers to Corn as China Shuns US Soybeans - TT](https://feedsoft.ai/events/8558-trade-war-drives-farmers-to-corn-as-china-shuns-us-soybeans-tt.md) | +0.6% | +1.1% |
| SOY | 2021-11-01 | [Harvesting another trade war - R Street Institute](https://feedsoft.ai/events/44036-harvesting-another-trade-war-r-street-institute.md) | -3.5% | +0.5% |

## Sources

- wolfstreet.com: https://wolfstreet.com/2018/06/09/trade-war-drums-is-mexico-ready-to-fire-at-the-us-corn-belt/

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