# Trump seeks Mexican import tax to pay for border wall - BBC News

> The White House said President Trump will seek a tax on Mexican imports to fund the border wall, a day after Mexico's president cancelled a Washington visit. A White House spokesman said a 20 percent tax could raise about $10 billion a year, though Chief of Staff Reince Priebus said it was only one option.

- Date: 2017-01-26 · published 2017-01-26T12:00:00.000Z
- Category: policy · region Mexico · magnitude high
- Page: https://feedsoft.ai/events/73226-trump-seeks-mexican-import-tax-to-pay-for-border-wall-bbc-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A proposed tariff on Mexican goods threatens the US-Mexico trade flows that carry substantial US corn, soymeal and pork exports, a major downside risk for US feed demand.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- HOGS: bearish ▼
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-02-09 | [Activists push for Mexico’s GM corn ban to include imports \| Agriculture News \| Al Jazeera](https://feedsoft.ai/events/42667-activists-push-for-mexico-s-gm-corn-ban-to-include-imports-agriculture-news-al.md) | +0.5% | +15.2% |
| CORN | 2021-01-11 | [What Does Mexico’s GM Corn Ban Mean for U.S. Producers? – The Van Trump Report](https://feedsoft.ai/events/49128-what-does-mexico-s-gm-corn-ban-mean-for-u-s-producers-the-van-trump-report.md) | +6.3% | +12.8% |
| CORN | 2017-02-14 | ['No Mas' to U.S. Corn Imports, Mexico Senator Says](https://feedsoft.ai/events/72496-no-mas-to-u-s-corn-imports-mexico-senator-says.md) | -0.2% | -2.4% |
| CORN | 2025-03-10 | [Map Shows States to Be Most Impacted If Mexico Passes Corn Amendment - Newsweek](https://feedsoft.ai/events/25530-map-shows-states-to-be-most-impacted-if-mexico-passes-corn-amendment-newsweek.md) | -0.7% | +3.0% |
| CORN | 2021-06-19 | [After Mexican GM corn import ban, American farmers ask: What now? - High Plains Journal](https://feedsoft.ai/events/46586-after-mexican-gm-corn-import-ban-american-farmers-ask-what-now-high-plains.md) | -3.3% | -8.0% |
| SBM | 2020-11-09 | [Europe wants to limit imports of soy from Brazil - News Cereals \| Boerenbusiness. Nl](https://feedsoft.ai/events/50189-europe-wants-to-limit-imports-of-soy-from-brazil-news-cereals-boerenbusiness-nl.md) | +1.5% | +1.1% |
| SBM | 2024-03-25 | [US biofuel support clears way for new crush capacity \| Latest Market News](https://feedsoft.ai/events/31292-us-biofuel-support-clears-way-for-new-crush-capacity-latest-market-news.md) | -2.4% | +1.0% |
| SBM | 2023-04-10 | [China makes an effort to reduce soybean imports](https://feedsoft.ai/events/36361-china-makes-an-effort-to-reduce-soybean-imports.md) | +0.7% | -5.3% |

## Sources

- bbc.com: https://www.bbc.com/news/world-us-canada-38764079

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