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COMING UP:Share Opener Variant 3



>> If U.S. President Donald Trump's protectionist rhetoric leads to a trade war with Mexico, the first casualty might be the ham sandwich. The U.S. sells more than a billion dollars worth of pork and cheese to Mexico every year, much of it produced in Iowa and Wisconsin, both states went for Trump in November.
Reuters correspondent Jason Lang met a hog farmer in Iowa who voted for Trump, and is now worried cutting off trade could cut into his bottom line.>> I met Jimmy Schmidt who has about 900 sows, maybe 11-12,000 hogs at any given time on his farm. He's worried that if there were a trade dispute with Mexico, and Mexico unleash retaliatory tariffs against the United States, that pork would probably be at the top of the list in terms of what Mexico would be targeting, and that would depress hog prices and could easily erase all of his profits.
>> And Mexico has shown it's ready to retaliate.>> Mexico has targeted pork before six, seven years ago during a trucking dispute, Mexico published a list of tariffs targeting states that relied a lot on trade with Mexico, and that also were politically sensitive. Iowa is, of course, often a swing state, agriculture is very important to its economy, and exports to Mexico are very important to Iowa's agricultural economy.
>> Mexico's foreign minister has already said tariffs could target Iowa and Wisconsin. The Trump administration has been talking about the border tax as a way to pay for that great big wall it wants between the U.S. and Mexico. And to that, farmers in the US agricultural heartland say, think about the hogs and the cheese.