“American farmers sent $2.4 billion of corn to Mexico in 2015, the most recent year of available data. In 1995, the year after NAFTA became law, corn exports to Mexico were a mere $391 million.
Experts say such a bill would be very costly to U.S. farmers.
“If we do indeed see a trade war where Mexico starts buying from Brazil…we’re going to see it affect the corn market and ripple out to the rest of the ag economy,” says Darin Newsom, senior analyst at DTN, an agricultural management firm.”
See Mexico ready to retaliate by hurting American corn farmersThreats by Trump to break NAFTA and force Mexico to pay for the damned wall will not go unanswered. All the goods that USA exports to the world may well be impacted by duties and “buy anywhere but USA” acts. Think of all the businesses that sell globally: Intel, M$, auto-makers come to mind. If their products become banned/taxed to death, there will be a big impact on the USAian economy. Has Trump included that effect in his maths? I don’t think so. Canada, despite being USA’s largest trading partner, can’t take all of USA’s corn nor its Intel processors nor its Wintel PCs nor its vehicles. In fact, Canada may well become self-sufficient in more products and adopt */Linux on ARM in case of trade wars. Canada should increase shipping capacity on the West Coast.
Trump, people who live in glass houses should not throw stones.