LatinNews Daily - 27 June 2018

* US dairy producers have requested that the US tariffs on Mexican steel and aluminium products, which were announced on 31 May, be lifted by the US administration. In a letter addressed to US President Donald Trump and signed by more than 60 dairy businesses and groups, the producers stress the risk that retaliatory Mexican tariffs on US dairy products pose to the industry. The US producers emphasise that Mexico is the industry’s “most reliable trading partner” and accounts for one quarter of foreign demand for US dairy produce, supporting 3m US jobs. It further highlights that in 2017 cheese exports to Mexico alone amounted to nearly US$400m. The Mexican tariffs on US cheeses, which were declared on 5 June and will reach up to 25%, will negatively impact US dairy exports to Mexico according to the producers and will enable competitors from the European Union to increase their market share in the country. The letter asks the Trump administration to suspend US steel and aluminium tariffs until the completion of the North American Free Trade Agreement (Nafta) renegotiations in the hope that Mexico will, in response, lift dairy tariffs.

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