South Korea is creating a task force to respond to U.S. trade protection measures. South Korea’s Foreign Ministry has ordered the South Korean embassy in Washington set up the special response team. South Korea has requested to be excluded from proposed higher import tariffs on steel exports under Section 232 of the Trade Expansion Act, emphasizing the negative effects the …
Coalition Formed to Fight Steel, Aluminum Tariffs
Industry and agriculture groups have formed a coalition to address the proposed steel and aluminum tariffs by President Donald Trump. The National Foreign Trade Council announced formation of the Alliance for Competitive Steel and Aluminum Trade this week. The coalition includes industrial and agriculture groups, such as the National Pork Producers Council, The American Soybean Association and U.S. Wheat Associates. …
Trump Considering Trade Protection Measures Against China
The Trump administration is mulling trade protections against Chinese investments in the United States and a broad range of tariffs. The consideration is seen as a punishment by the administration to Beijing for its alleged theft of intellectual property. An announcement by the U.S. Trade Representative’s office investigation into China’s intellectual property practices is expected in the coming weeks, setting …
AFBF Encouraged by Efforts to Extend TPA
While some in agriculture have concerns over various trade actions by the White House, (AFBF) Trade Adviser Dave Salmonsen says they are encouraged by the U.S. Trade Representative’s recent announcement of plans to seek a three-year extension of Trade Promotion Authority. TPA allows the president to submit trade deals to Congress for up-or-down votes, without deal-killing amendments. AFB Encouraged by …
Trump Tells Canada he wants “Fair” NAFTA Deal
President Donald Trump told Canada he wants a fair North American Free Trade Agreement. Speaking over the phone earlier this week to Canadian Prime Minister Justin Trudeau, Trump said he supported an agreement that is “fair to all three countries,” adding that the current deal leaves the U.S. with a trade deficit, according to Politico. The conversation came shortly after …
AEM’s Slater: Trump Tariffs Won’t Help U.S. Manufacturers ‘Win’ Again
AEM worked to discourage President Trump from imposing heavy tariffs on steel and aluminum imports after the president said he intended to do just that this week. AEM is assessing the impact of Trump’s announcement last week that he would impose 25 percent import tariffs on steel and 10 percent import tariffs on aluminum. “President Trump shouldn’t undercut his own …
No Tariff Exceptions for Canada/Mexico
Bloomberg is reporting that there will be no exceptions for Canada and Mexico when it comes to potential tariffs on steel and aluminum imports. The only way they get exempted from the tariffs will be if they sign a new North American Free Trade Agreement that’s better for America. “Canada must treat American farmers better and Mexico must stop drugs …
NAFTA Round Seven Wrapped Up Monday and Facing More Questions
The seventh round of talks to renegotiate the North American Free Trade Agreement (NAFTA) wrapped up Monday in Mexico City. The three countries have taken some incremental steps toward agreements on some of the lower-level issues. However, trade negotiators and almost anyone else interested in the NAFTA negotiations acknowledged that the looming threat of U.S. tariffs on steel and aluminum …
Agri View: What Is Going on with NAFTA?
Everett Griner talks about what is going on with NAFTA, and why, in today’s Agri View. What is Going on with NAFTA You know it is hard to understand what is going on with NAFTA. Mexican farmers, Canadian farmers and American farmers, want to keep it strong and stable. Our secretary of agriculture himself said that the loss of NAFTA …
WTO Worried About Trade Wars Resulting from Trump Tariffs
The head of the World Trade Organization (WTO) is concerned about President Donald Trump’s plans to impose a tariff on both steel and aluminum imports into America. Director General Roberto Azevedo says a trade war is in no one’s best interests. “The WTO is concerned about the U.S. plans for tariffs on steel and aluminum,” he says, “and the potential …