The U.S. and Canada are discussing the next steps for approving the U.S.-Mexico-Canada Agreement that will replace the North American Free Trade Agreement. U.S. Trade Representative Robert Lighthizer visited Canada this week meeting with his Canadian counterpart, Chrystia Freeland. A spokesperson for Freeland told Bloomberg News the meeting was an “opportunity to take stock of the next steps on USMCA.” …
August U.S. Beef Exports Set New Value Record
U.S. beef exports shattered the previous value record in August, topping $750 million for the first time. Joe Schuele, with the U.S. Meat Export Federation (USMEF), has the details. August U.S. Beef Exports Set New Value Record Sponsored ContentNuseed Carinata Covers New GroundAugust 29, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
August Beef Exports Soar to New Heights, Pork Export Value Still under Pressure
U.S. beef exports set new records in August with export value topping $750 million for the first time. The U.S. Meat Export Federation says August pork exports were fairly steady with last year’s volume, but retaliatory duties in key markets continued to pressure pork export value. August beef exports totaled 119,800 metric tons, up seven percent from a year ago, …
Perdue Favors Removal of Section 232 Tariffs on Canada, Mexico
Agriculture Secretary Sonny Perdue says he favors removing the Section 232 tariffs on Canadian and Mexican steel and aluminum which has led those countries to impose tariffs on U.S. farm products. Perdue acknowledged that the tariffs have “a dampening effect” on the benefits of the new U.S.-Mexico-Canada Agreement, according to the Hagstrom Report. Perdue said: “I would be an advocate …
Ag Sec Perdue Talks US-Mexico Trade Deal
Agriculture Secretary Sonny Perdue talked one-on-one with AgNet Media about the new North American trade agreement called USMCA. Perdue said the agreement is beneficial for many producers. Ag Sec Perdue Talks US-Mexico Trade Deal Sponsored ContentNuseed Carinata Covers New GroundAugust 29, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
USMCA Deters China’s Efforts of FTA’s With Mexico, Canada
A clause in the upgraded and renamed North American Free Trade Agreement (NAFTA) nearly forbids deals with “non-market” countries, such as China. The language deep in the new U.S.-Mexico-Canada Agreement (USMEC) marks another blow in the tit-for-tat trade war the U.S. is leveraging against China. Reuters points out that the clause, which has stirred controversy in Canada, fits in with …
USCMA: Turkey and Poultry Trade Changes with Canada
In another win for U.S. agriculture, the upgraded North American Free Trade Agreement includes expanded access to the Canadian market for U.S. chicken and turkey products. Dairy stole the show in the negotiations, but the U.S. will also gain the market share in turkey in poultry if all three countries approve the new U.S.-Mexico-Canada Agreement (USMCA). Meat industry publication Meatingplace …
USMCA Trade Deal Sets Stage for Addressing China Trade
With the North American Free Trade Agreement renegotiation effort complete, the Trump administration is expected to turn its trade attention to China and its neighbors. The U.S. and China are in the midst of a tit-for-tat trade war started by President Trump. The Wall Street Journal says the U.S. should “follow this template” from the NAFTA talks to engage with …
China May Be Getting U.S. Soybeans Through the Backdoor
It’s possible that Chinese soybean buyers could still be getting American soybeans by purchasing their beans from Argentina. Export reports show that Argentina is buying soybeans from the U.S. and exporting its own production to China. However, a grain market expert says that’s not likely because a drought left Argentina grain stocks in short supply. “The issue is that Argentina …
NCBA Update on Trade Issues
A trade deal has been reached between the United States, Canada and Mexico. The new pact is being called the U.S.-Mexico-Canada Agreement, basically replacing the North American Free Trade Agreement. Last week, another trade deal made the news, as the United States signed a new deal with South Korea. Kent Bacus, National Cattlemen’s Beef Association (NCBA) director of international trade, says …