.jpg)
3 hours ago
1
Article content
(Bloomberg) — The US and Mexico reached two key agreements for the agricultural sector on Monday, smoothing over conflicts that threatened to escalate tensions between the neighbors amid trade negotiations brought on by Donald Trump’s tariffs.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
Article content
Mexico committed to deliver water to farmers in Texas after the US complained it had failed to live up to a decades-long deal. The countries also reached an accord on how to fight the New World screwworm pest south of the border, averting potential restrictions on US livestock imports from Mexico.
Article content
Article content
The resolutions of the deals show Mexico is finding ways to work with the US despite the more confrontational approach of the Trump administration. That bodes well for Mexico as it seeks relief from tariffs Trump is imposing on auto parts, steel and other goods.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
The Mexican government committed to transfer water from international reservoirs and increase the US share of the flow in six of Mexico’s Rio Grande tributaries through the end of the current five-year water cycle, the US Department of Agriculture said on a statement. The five-year water cycle ends on Oct. 24 of this year, Mexico said in a separate statement.
Article content
The deal is based on the 1944 Water Treaty, which established that Mexico must deliver 1.75 million acre-feet of water over five years to the US from the Rio Grande, while the US delivers 1.5 million acre-feet of water to Mexico from the Colorado River, the USDA said. It is unclear how much water Mexico will transfer in the short term.
Article content
Article content
Read Bloomberg Opinion: The US Water War With Mexico Is Just Starting
Article content
“Mexico has agreed with the US to implement a series of measures to mitigate potential shortfalls in water deliveries from Mexico toward the end of the cycle, providing for immediate water transfers, as well as during the next rainy season,” the Mexican Agriculture Ministry said in the statement.
Article content
The 1944 Treaty offers benefits for both countries, so “a renegotiation is not considered necessary,” the ministry added.
Article content
Crisis avoided
Article content
Details of a separate pact to address the New World screwworm pest weren’t immediately disclosed, but both sides said Monday that they had a deal. Secretary of Agriculture Brooke Rollins had previously warned the US could restrict livestock imports from Mexico again if the country didn’t do more to fight the pest, which can cause disease in animals and even kill.
English (US)