There's strong momentum in the cattle industry right now with tight supply and high demand driving well-earned profitability across North America, though concerns remain about long-term supply without cowherd expansion. Trade is a central theme of this year's conference, with tri-national cooperation among the U.S., Canada, and Mexico and the upcoming USMCA review seen as critical to maintaining a "do no harm" approach for beef markets.
Earlier this week, Mexican lawmakers approved a 50% tariff on Chinese imports, including everything from shoes, microwaves to electric vehicles. The measure is set to take effect next year. China is the second-largest exporter to Mexico, just after the United States. Analysts say the move signals Mexico's interest in appeasing the U.S. at a moment when both countries are set to renegotiate their free trade agreement. President Claudia Sheinbaum denies this, saying it's intended to boost domestic manufacturing.
Their Advertisement was to be taken down, IMMEDIATELY, but they let it run last night during the World Series, knowing that it was a FRAUD, Trump said in a post on his Truth Social platform as he flew aboard Air Force One to Malaysia. Because of their serious misrepresentation of the facts, and hostile act, I am increasing the Tariff on Canada by 10% over and above what they are paying now.