usmca

Mexico Says U.S. Congress Will Move on USMCA Trade Deal Soon

Dan Exports/Imports, Industry News Release, Trade

(NAFB) — Mexico’s Deputy Foreign Minister for North America said Friday that he believes U.S. lawmakers will begin the process of approving the U.S.-Mexico-Canada Trade Agreement (USMCA) soon. He believes it will move forward in the U.S. Congress now that Mexican President Obrador has vowed to increase wages and funding for labor reforms. A Yahoo Dot Com article says the …

phase one

China Phase One Agreement Ag Purchases aimed at $20 Billion

Dan Exports/Imports, Industry News Release, Trade

(NAFB) — The phase one agreement with China would boost U.S. ag exports to at least $20 billion in its first year. The overall agreement includes $40-50 billion of U.S. farm commodity sales to China over a roughly two-year period. China claims it would aim to buy at least $20 billion worth in the first year, if the agreement is …

commerce

Commerce Department Announces Final Dumping Margin of 21% on Mexican Tomato Imports

Dan Exports/Imports, Fruits, Industry News Release, Specialty Crops, Vegetables

International Trade Commission will now Evaluate Injury to U.S. Growers Washington, D.C. (FTE-October 22, 2019) — The U.S. Department of Commerce has announced a final dumping margin of 21 percent in the resumed antidumping investigation of Mexican tomatoes.  This result comes as no surprise to American tomato farmers who have seen domestic production decline significantly in the face of unfairly traded …

agreement

China Confirms Phase One Agreement Ag Purchases

Dan Exports/Imports, Industry News Release, Trade

(NAFB) — Chinese officials confirmed this week they are working on finalizing a “phase one” agreement with President Donald Trump that includes significant purchases of U.S. ag products. An official from China’s Commerce Ministry confirmed the purchases to reporters, but did not provide details on how much U.S. ag products China will buy. The spokesperson says, “China will increase U.S. …

japan trade

More Details Needed to Finish U.S. Japan Trade

Dan Exports/Imports, Trade

Now that the U.S.-Japan Trade Agreement has been signed by President Trump, many feel it is a done deal and are ready to see the trading started soon. But during a recent media conference call, National Cattlemen’s Beef Association (NCBA) Director of International Trade and Market Access, Kent Bacus, explained there are still some details that need to be ironed out.

china

Trump: China Ag Purchases Already Underway

Dan Economy, Exports/Imports, Industry News Release

(NAFB) — President Donald Trump says China will immediately start buying U.S. agricultural products. Via Twitter over the weekend, Trump says China will start buying “very large quantities” of U.S. farm products, adding, “they have already started.” The administration says the agreement Friday includes $40-$50 billion of commodity sales to China over the next couple of years. China already had …

agreement

U.S., China Reach Limited Trade Agreement

Dan Exports/Imports, Industry News Release, Trade

(NAFB-Oct. 11, 2019) — The U.S. reached a limited trade agreement with China on Friday afternoon that would pave the way for resolutions on broader issues later in the year. Business Insider Dot Com says it temporarily defuses a dispute between the worlds’ two largest economies. President Donald Trump told reporters in the Oval Office that, “We’ve come to a …

meat

U.S. Japan Trade Deal Good for Beef Industry

Dan Beef, Cattle, Exports/Imports, Trade

Earlier this week, President Trump signed the U.S.-Japan Trade Agreement, which is an important step forward with U.S. agriculture’s fourth-largest export market. During a media conference call Thursday, National Cattlemen’s Beef Association (NCBA) Director of International Trade and Market Access, Kent Bacus, said this is a monumental development. According to NCBA, in 2018 Japanese consumers purchased $2.07 billion of U.S. …

pork exports

Strong August U.S. Pork Exports, Beef Exports Trail Last Year

Dan Beef, Cattle, Exports/Imports, Pork

U.S. pork exports posted very strong results in August, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF), but beef exports were below the record-large totals of August 2018. Joe Schuele has more details. August pork exports increased 22% from a year ago to 221,586 metric tons (mt), while export value climbed 19% to …