Trump border threat news by Hebei Longsheng
| Trump's border threat raises stakes for food supply chains President Donald Trump has threatened to close the border with Mexico "this week" which potentially "could be to all trade" as a response to continued migrant flows across the border. Truck-borne bilateral trade between the U.S. and Mexico reached $484.4 billion in the 12 months to Feb. 28, or 64.5% of all trade between the two countries. Mexico’s exports are more exposed – trucking represented 70.7% of the total – with shipments of perishable goods and just-in-time manufacturing process products at the most risk. Mexican exports of agricultural products were worth $13.50 billion in the past 12 months and had increased by just 0.5% year over year in the past 12 months. That was led by a 4.1% decline in shipments of fruit worth $6.47 billion despite a recovery in the past three months. Leading food exporters that are exposed to the border closure include Driscoll Foods with $1.44 billion of fruit shipments, meat-packer Grupo Viz with $678 million as well as shipments by Mission Produce, Del Monte and Taylor Fresh Foods. |
