agricultural

U.S. Agricultural Export Opportunities in South Korea

Dan Exports/Imports, Industry News Release, Trade

South Korea is one of the most reliable export markets for U.S. agricultural goods. Its vibrant economy offers easy access to modern retail outlets and is home to a large urban population seeking convenient and healthy food products. Increasing wealth, a growing number of women in the workforce, and a younger generation seeking international foods are also contributing to the …

trade agreement

U.S. Seeking Trade Agreements with Japan, EU, UK

Dan Industry News Release, Trade

The U.S. formally announced it will seek trade agreements with Japan, the European Union and the United Kingdom. U.S. Trade Representative Robert Lighthizer announced this week that the U.S. will seek to negotiate three separate trade agreements with Japan, the EU and the U.K. The European Union has downplayed the announcement, despite ongoing exploratory talks since this summer. The EU …

california

Pork Producers Encouraged by Trade Announcement

Dan Industry News Release, Pork, Trade

Representatives of the U.S. pork industry say “we’ve got the momentum on trade headed in the right direction.” National Pork Producers Council President Jim Heimerl stated “pork producers are hurting because of retaliatory tariffs on pork,” but says their patience is starting to pay off. The comments followed the formal announcement that the U.S. is seeking new free trade agreements …

north

McConnell: No NAFTA 2.0 Vote This Year

Dan Industry News Release, Trade

As expected, the U.S. Senate will not consider the updated North American Free Trade Agreement (NAFTA), known as the U.S.-Mexico-Canada Agreement (USMCA), in 2018. Senate Majority Leader Mitch McConnell told Bloomberg News a vote on the updated agreement would not happen until after the New Year, saying “My trade advisers say you can’t possibly do it under the various steps …

fried

Trudeau Says USMCA Keeps China Trade Door Open

Dan Industry News Release, Trade

Canada’s Prime Minister says the new U.S.-Mexico-Canada Agreement (USMCA) allows Canada to move forward with trade talks with China. Despite a provision in the text of the agreement that allows the U.S. to opt-out of the deal if Canada or Mexico engages with China, Justin Trudeau claims the provisions were “watered down” in the final version of the agreement. He …

international

International Trade Commission to Review USMCA

Dan Industry News Release, Trade

The U.S. International Trade Commission will review the U.S.,-Mexico-Canada Agreement next month. The Commission is scheduled to meet November 15th for an economic review of the trade agreement that will replace the North American Free Trade Agreement. Politico reports that the ITC probe, which is required by Congress, formally launched Friday. The Commission has until mid-March to complete its report, …

southern africa

Southern Africa: A Promising Region for U.S. Agricultural Exports

Dan Exports/Imports, Industry News Release, Trade

Two-way agricultural trade between the United States and Southern Africa has grown significantly in the past decade, reaching a record $1.5 billion in 2017. The region imported $14 billion in agricultural and related products last year and the potential for U.S. export growth is strong, given that many of these are products that the United States produces competitively. USDA’s Foreign …

tariffs

Dropped Tariffs Could Mean Less USDA Trade Aid Relief

Dan Industry News Release, Trade

Ag groups are largely supportive of the new U.S.-Mexico-Canada Trade package. However, many of those same groups say their biggest concern right now is ending retaliatory tariffs on U.S. agricultural products. Those duties were put in place after President Trump imposed tariffs on steel and aluminum imports. Ag Secretary Sonny Perdue told Reuters this week that, with a trade deal …

trump

Trump, XI Likely to Meet at Upcoming G-20

Dan Industry News Release, Trade

An Associated Press article says U.S. President Donald Trump and Chinese President XI Jinping may meet during the G-20 summit in Argentina scheduled for late November. China says it is in contact with the U.S. amid reports of the upcoming meeting. A Chinese Foreign Ministry spokesman offered no specifics but did say he’d seen the relevant reports. Trump’s top economic …