Obrador Doubles Down President Andres Manuel Lopez Obrador is compelling Mexican tortilla makers to only use non-GMO white corn. He said he will impose tariffs on imported white corn to ensure that corn is only sourced from domestic producers. The move implies concern that Mexico will lose a trade dispute case filed by the U.S. and Canada against his proposed ban on GMO corn imports. However, the tariffs will also be a violation of the USMCA and will ultimately result in retaliation against Mexican exports. Unless the tariff is also applied to processed product, the U.S. could become a major supplier of tortillas to Mexico.  NGT’s Move Forward The EU Commission will reportedly issue its proposed new rule on non-transgenic gene...

TAGS – North America, Macroeconomics