Trade Representative Robert Lighthizer highlighted the need to address trade barriers between the U.S. and Taiwan last week. During a meeting with Thailand’s Minister of Commerce, Lighthizer said Thailand needs to address the “longstanding trade barriers,” including those on U.S. meat and other agriculture exports, according to Politico. Total exports of U.S. agricultural products to Thailand totaled $1.6 billion in …
Mexico Considering Protections in NAFTA
A potential counterproposal by Mexico could limit pork leg imports from the United States under the North American Free Trade Agreement. As renegotiation efforts continue, Mexico may counter a proposal U.S. trade officials are considering that would give seasonal fruit and vegetable farmers added protection, according to Reuters. The U.S. is considering a proposal to protect certain products by making …
Japan Interested in Multi-nation Trade Agreements, Not Bilateral Trade
Leaders from Japan told a Nebraska trade delegation last week that Japan is not interested in a bilateral trade agreement with the United States. Instead, Japan told Nebraska Governor Pete Ricketts that the nation is holding out for the U.S. to rejoin the Trans-Pacific Partnership, according to the Omaha World-Herald. Ricketts says he is pressing U.S. Trade Representative Robert Lighthizer …
Farm Leaders Make the Case for Keeping KORUS
Pressure from the Ag community continues to build, as the President continues to toy with the idea of withdrawing the U.S. from the Korea-U.S. free trade deal, known as KORUS. Hundreds of farm leaders were in Washington, D.C. recently to make their case for keeping KORUS and expanding farm trade. Sponsored ContentFlorida Cattle Enhancement Board Provides Funding For Quicker Response …
Sunset Proposal in NAFTA 2.0
As the next round of negotiations regarding the North American Free Trade Agreement approach, the Office of the U.S. Trade Representative is considering submitting a “sunset” proposal. That’s a provision that would automatically cancel the deal five years after approval if the three countries don’t agree to renew it. The USTR began circulating the idea among federal agencies last week …
South Korea Wants Step by Step Approach to KORUS
Trade leaders from South Korea are asking for a step by step approach to the U.S.-Korea Free Trade Agreement. Following last week’s discussion on terminating the agreement by President Donald Trump, Korea says: “Let’s go step by step, rather than just jumping the gun.” It is possible Trump could seek to renegotiate the trade deal, like his move regarding the …
NAFTA Renegotiation Could Send Avocado Prices Soaring
Avocado prices have reached a record high and a new North American Free Trade Agreement (NAFTA) could have U.S. consumers paying even more for the fruit. A group of avocado companies recently wrote the U.S. Trade Representative’s Office predicting prices could rise, depending on whether the Trump administration, in renegotiating NAFTA, changes rules on anti-dumping and countervailing duties. The letter …
South Korea Trade Teams Tour U.S. Agriculture
The U.S. Grains Council says trade teams from South Korea visiting the U.S. over the last three months helps solidify trade between the U.S. and Korea under the U.S.-Korea Free Trade Agreement, known as KORUS. The Council has been hosting trade teams this summer from South Korea, visiting U.S. farmers and grain suppliers in eight states. USGC says South Korean …
Beef Industry to White House: Scuttling KORUS is Also a ‘Job Killer’
The U.S. beef industry says if President Trump withdraws the US from the Korea-U.S. Free Trade Agreement, millions of dollars and thousands of jobs will be lost throughout the Midwest and other regions. As the president tries to appeal to blue collar workers in the rust belt who voted for him, the National Cattlemen’s Beef Association tells the White House, …
White House Suspends Discussions on Ending KORUS
White House officials have temporarily halted discussions on the possibility of terminating a free trade agreement with South Korea. A senior White House official told Reuters on Wednesday night that the deal could still be terminated but there were no immediate plans to do so. President Trump had been talking with his senior advisers about the possibility of withdrawing from …