The remaining 11 Trans-Pacific Partnership (TPP) countries plan to remove the Gross Domestic Product requirements to allow the deal to move forward without the United States this week. The Japan News reports that with the United States abandoning the accord, negotiators appear hopeful that changing the conditions will allow the remaining 11 nations to quickly implement a new pact. A …
NAFTA Withdrawal Would Not Lower Deficit With Mexico
President Trump often cited withdrawing from the North American Free Trade Agreement (NAFTA) as a way to reduce America’s trade deficit with Mexico. However, a Forbes Dot Com article says that isn’t the way it works. If the U.S. should no longer be involved in NAFTA, all three countries revert to Most Favored Nation trade status under the World Trade …
TPP Nations Nearing final Stretch in Talks
The 11 remaining Trans-Pacific Partnership (TPP) nations are edging closer to sealing the comprehensive free trade pact. Reuters reports that New Zealand recently agreed to amend some specific laws that are not subject to TPP but are needed to make a path forward for the agreement. The move brings member countries closer to a victory in support of free trade …
USDA Takes Successful Trade Mission to India
India serves as the first trade mission stop for Ted McKinney, the newly minted Department of Agriculture Undersecretary for Trade and Foreign Agricultural Affairs. McKinney led a group of 50 men and women, representing 29 agricultural companies, associations, and state governments, overseas in an effort to boost trade opportunities between the U.S. and India, which is the 17th largest export …
Senate Ag Committee Warns Trump Administration on Possible NAFTA “Pullout”
The Chairman of the U.S. Senate Agriculture Committee issued perhaps his most direct public warning yet to the Trump Administration on a possible North American Free Trade Agreement “pullout.” Senate Agriculture Committee Chair Pat Roberts spoke to a U.S. Chamber of Commerce audience in Washington, D.C. on the strategy President Trump and U.S. Trade Representative Robert Lighthizer are pursuing on …
Trade Lawyer Tells Companies to Prepare for no NAFTA
A trade lawyer in the U.S. says companies should start contingency planning amid trade uncertainty. Dan Ujczo, an international trade lawyer specializing in Canada-U.S. matters, told Canada’s Globe and Mail newspaper that growing uncertainty over the future of the North American Free Trade Agreement means companies need to brace themselves, including for the possibility that President Donald Trump walks away …
NAFTA Renegotiation Agreement Depends on Tax Reform, Agriculture
The fate of the North American Free Trade Agreement (NAFTA) depends on U.S. tax reform and agriculture. That’s according to Former U.S. ambassador to Mexico Jim Jones, who told Politico that if tax reform passes, President Donald Trump will be “more interested in listening to reason” on NAFTA and other issues. Jones says: “Trump is less interested in substance than …
NAFTA Notice Would Devastate Farm Economy
President Trump has been weighing the idea of giving notice that the U.S. intends to withdraw from the North American Free Trade Agreement (NAFTA) as a way of taking a tough stance on the negotiations. Politico’s Morning Ag Report says even giving the notice would cause immediate harm. A group of 86 food and agriculture groups sent a letter to …
National Farmers Organization Talks NAFTA
The National Farmers’ Organization took its turn to weigh in on the North American Free Trade Agreement (NAFTA) negotiations. The Hagstrom Report says the NFO called on the Trump Administration to be “cautious” when it comes to the negotiations, noting that there would be substantial fallout for American farmers and ranchers if the agreement is terminated. Paul Olson, NFO President, …
Congress Member Questions Trump’s Ability to Withdraw From NAFTA
Wisconsin Representative Ron Kind, a Democrat who represents a district of dairy farmers, is questioning President Donald Trump’s ability to withdraw from the North American Free Trade Agreement. Kind said this week: “Constitutionally, I think the president would be on pretty shaky grounds if he tries,” according to Politico. Congressman Kind made the comments during a speech to the National …