With the ongoing North American Free Trade Agreement (NAFTA) renegotiations, it most likely will be several more months before dairy farmers will know what to expect with our trading partners to the North and South. With Mexico being a vital market for U.S. dairy producers, a National Milk Producers Federation (NMPF) spokesperson says a new agreement should “do no harm” …
Senate Finance Committee Wants to Talk Trade, Tariffs
The Senate Finance Committee will hold a hearing next Thursday, March 22, regarding the Trump Administration’s trade policy. The Hagstrom Report says that U.S. Trade Representative Robert Lighthizer will be the lone witness at the proceedings. The committee chair, Republican Orrin Hatch of Utah, has been critical of President Donald Trump’s announced trade tariffs. Hatch says in a news release, …
Countries Asking U.S. for Tariff Exemptions
European Union Trade Commissioner Cecilia Malmstrom is continuing to petition the United States for exemptions to the upcoming steel and aluminum tariffs. Politico quotes her as saying the tariffs will shake the transatlantic relationship between the countries if they go into effect. She told Commerce Secretary Wilbur Ross during a phone call that the EU “as a close security ally …
USDA Announces Regionalization Agreement with South Korea
Help Protect U.S. Trade During HPAI Detections The United States Department of Agriculture (USDA) announced an agreement with the government of South Korea that significantly reduces negative impacts on trade should another detection of highly pathogenic avian influenza (HPAI) occur in the United States. The agreement will allow for trade restrictions at the state level instead of the country level …
Mexico Seeks Closing Seven NAFTA Chapters in Next Round
Trade officials in Mexico say they hope to close seven chapters in the next round of North American Free Trade Agreement (NAFTA) Talks, planned for Washington, D.C. next month. Mexico trade officials told Politico the goal of the next round is to close seven chapters that are 90 percent complete and include telecommunications, digital trade, technical barriers to trade, energy, …
Cranberries Targeted by EU in Trade Spat
The European Union classifies cranberries as a retaliation target in response to President Trump’s steel and aluminum tariffs. Bloomberg reports cranberries are among a basket of all-American goods, from peanut butter to bourbon whiskey and Harley Davidson motorbikes, singled out by the European Union. A lawmaker from Wisconsin says U.S. dairy is on the list as well, though the official …
Trump Wants China to Cut Trade Deficit by $100 Billion
The White House has asked China to come up with a plan that would cut $100 billion off the trade deficit it currently has with the U.S. An administration official says that would be a reduction of more than 25 percent from last year’s trade gap with China. Bloomberg says the U.S. trade shortfall in goods traded with China surged …
USDA Under Secretary Remains Optimistic on Trade Despite Tariffs
While U.S. agriculture braces for possible retaliation against American tariffs on steel and aluminum, a USDA Under Secretary remains optimistic about the future of trade. AgriMarketing Dot Com says the Under Secretary for Trade and Foreign Affairs, Ted McKinney, was in Japan when the tariffs were announced. McKinney told reporters that while talking with Japanese leaders, there was absolutely no …
Farmers for Free Trade Launching $500,000 Ad Campaign on Trade
Farmers for Free Trade is gearing up for a half-million-dollar ad campaign for a new television ad warning against the aggressive trade policies of President Trump. Farmers for Free Trade says those policies make agriculture a prime target against trade retaliation. The ad will highlight Montana grain and oilseed farmer Michelle Erickson-Jones. It’s scheduled to run on Fox and Friends, …
U.S. Will Engage With TPP-11 Countries Regarding Fair Trade
Secretary of State Rex Tillerson says the United States will engage TPP-11 members, emphasizing a need for “fairness” in expanding trade relationships with nations involved in the pact. TPP-11, now known as the Comprehensive and Progressive Trans-Pacific Partnership agreement, or the CPTPP, was signed last week by the 11 remaining nations involved in the agreement. Tillerson made the comments last …