Mexico is looking to boost domestic production of food staples, as the Trump administration continues to negotiate global tariffs with countries around the world.
Mexican President Claudia Sheinbaum isn’t putting in place retaliatory tariffs on the U.S., at least not yet, but she is hoping to boost domestic production of certain goods.
The nearly $3 billion investment in what Sheinbaum calls “food sovereignty” aims to produce more staples like corn, beans and rice in Mexico over the next five years.
“The homeland comes first,” Sheinbaum said at an event to announce the investment, quoting Mexico’s second president, Vicente Guerrero.
She said while the commercial and economic integration between the U.S. and Mexico is important, Mexico also has to develop its own economy.
The money will go to small and medium farmers in Mexico, and is part of Sheinbaum’s wider, existing policy framework to bolster her country’s self-reliance.
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