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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 05, 2017
Page
4
Washington reports that a Trump renegotiation or exit from NAFTA could raise costs for U.S. farms and automakers as Mexico weighs tax options and alternative suppliers. Experts warn higher tariffs or withdrawal could boost prices for U.S. consumers and disrupt cross border supply chains.
Alejandro Ramirez, CEO of Cinepolis de Mexico, warns that an end to free trade could push the company to source popcorn from Argentina. The cinema chain buys about 10 million dollars of U.S. corn annually from Kansas, Missouri, and Iowa, and argues a tariff as low as 2 percent could alter sourcing.
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