august crop report

Mexico Adds 50% Tariff to White Corn from U.S.

Dan Corn, Exports/Imports, Tariff

by Sabrina Halvorson It’s another chapter in the Mexico-GMO Corn saga. Mexico has taken another step in preventing GMO corn from other nations from entering that country. It’s put in place a 50 percent tariff on US white corn imports through December. U.S. Agriculture Secretary Tom Vilsack said it’s one of the issues the US is pursuing through a US-Mexico-Canada …

baby formula

Baby Formula Imports Face Tariffs Again in 2023

Dan Agri-Business, Exports/Imports, Tariff, This Land of Ours

Baby formula importers face changes again this year. That’s coming up on This Land of Ours. Baby formula imports into the U.S. will be subject to tariffs again this year as the exemptions implemented during a nationwide shortage are scheduled to expire. Reuters says the shortage began during supply chain issues brought on by COVID, and those issues began to …

beef exports

Inflation Prompts Some Trading Partners to Cut Tariffs on Red Meat

Dan Beef, Cattle, Economy, Exports/Imports, Livestock, Pork, Tariff

South Korea is the latest country to suspend import duties on pork and other food items in an effort to combat inflation. They join Mexico, the Philippines, Taiwan, Vietnam and Brazil in reducing or eliminating tariffs on certain food items to lower consumer prices. And while these tariff reductions sometimes benefit global competitors more than U.S. red meat, the overall …

usmca

Dairy Groups: Retaliatory Tariffs Required as Canada Refuses its USMCA Obligations

Dan Dairy, Economy, Exports/Imports, Marketing, Tariff

The National Milk Producers Federation (NMPF) and the U.S. Dairy Export Council (USDEC) Monday called on the U.S. government to levy retaliatory tariffs on Canada. The call comes after Ottawa made clear that it refuses to meet its signed treaty obligations under the U.S.-Mexico-Canada Agreement (USMCA) concerning dairy market access. In January, a USMCA dispute resolution panel initiated by the …

meat production

U.S. and Japan Agree to Increase Beef Safeguard Trigger Level

Dan Beef, Cattle, Export/Import, Marketing, Tariff

U.S. Trade Representative Katherine Tai and U.S. Secretary of Agriculture Tom Vilsack announced that the United States and Japan have reached an agreement to increase the beef safeguard trigger level under the U.S.-Japan Trade Agreement. The new three-trigger safeguard mechanism will allow U.S. exporters to meet Japan’s growing demand for high-quality beef and reduce the probability that Japan will impose higher …

EATS Act

Vietnam Confirms Tariff Cut on U.S. Pork

Dan Export/Import, Pork, Tariff

Vietnam has confirmed it will lower its Most Favored Nation tariff on imported frozen pork from 15 to 10 percent. The reduction is expected to be implemented on July 1, 2022. Getting better market access to Vietnam, a major pork-consuming country, has been a top trade priority for the National Pork Producers Council (NPPC). They recently led efforts asking U.S. Trade …

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U.S. – E.U. Agreement on Ag Collaboration

Dan Corn, Exports/Imports, Tariff, Trade

On the sidelines of the Group of 20 Summit this week, European Union officials and the Biden administration put together a deal to ease the tariffs on E.U. steel and aluminum imports into the U.S. while eliminating retaliatory duties from the E.U. on several U.S. goods. Rod Bain reports the new transatlantic collaboration agreement that agriculture leaders from both the U.S. …