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Threats of retaliatory tariffs prompted by Trump have cost Iowa pork industry $560M: report

Concerns over retaliatory tariffs from Mexico have cost Iowa pork producers roughly $560 million, the Des Moines Register reported Friday.

According to the newspaper, Iowa pork producers could take another hit if Mexico follows through on its threat to impose a 20 percent tariff on hams and pork shoulders from the U.S.

Producers in the state already face a 25 percent tariff on pork exports to China. But duties from Mexico — the largest export market for American pork by volume — could put further strain on producers. 

via thehill.com

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