Comparing the pace of U.S. agricultural exports with last season’s pace may not be quite as reliable of a way to forecast exports like it was a year ago. Gary Crawford has the story. New Trade Patterns Making Export Forecasts Less Accurate
FAS Administrator Isley to Lead South Korea Trade Mission
Representatives from nearly 50 U.S. agribusinesses and farm organizations will join Foreign Agricultural Service (FAS) Administrator Ken Isley on a U.S. Department of Agriculture (USDA) trade mission to Seoul, South Korea, Nov. 5-8. “Korea is consistently among the largest and most reliable export markets for U.S. agriculture and the U.S.-Korea Free Trade Agreement, known as KORUS, has opened up even …
Steel and Aluminum Tariffs Cancel Benefits of USMCA
Steel and aluminum tariffs by the U.S. will hurt agriculture more than NAFTA 2.0 will help. The updated North American Free Trade Agreement, known as the U.S.-Mexico-Canada Agreement (USMCA), would grow U.S. agricultural exports by $450 million a year, according to the Farm Foundation. However, the organization says the retaliatory tariffs in response to the tariffs that President Donald Trump …
Vietnam Winning U.S.-China Trade War
Vietnam is emerging as the winner of the U.S.-China trade war. A new analysis by the American Chamber of Commerce in South China shows companies in China and the U.S. are losing market share, especially to companies from Vietnam, as a result of the trade war. Companies in China also report they are losing sales to companies from India, the …
Trump Administration Plans Hearing on Trade with Japan
The Trump administration will hold a hearing in December to help craft negotiating objectives for a trade deal between the U.S. and Japan. A recent Federal Register notice seeks public comment with a deadline of November 26th, and a hearing scheduled for December 10th in Washington, DC. The U.S. Trade Representative’s Office is seeking the comments to develop U.S. negotiating …
Updated TPP to Take Effect This Year
The Trans-Pacific-Partnership (TPP) replacement that does not include the United States will take effect at the end of this year. Australia and Canada filed ratification documents this week for the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, kicking off a 60-day waiting period before the agreement takes effect, as now six countries have ratified the deal. President Donald Trump removed …
USDA Planning Trade Aid Round Two Distribution
The Department of Agriculture (USDA) is readying round-two of trade mitigation payments for farmers. The payments are the second half of the $12 billion program by the Trump administration to compensate farmers for losses stemming from Trump’s trade agenda. Agriculture Secretary Sonny Perdue said he doesn’t expect the payments “any later than December,” according to Politico. USDA previously used about …
U.S. Planning Another Round of China Tariffs
The United States is readying more tariffs against China if there is no positive momentum following a meeting between President Trump and China’s President Xi Jinping. Bloomberg News reports the new round will be announced if the talks during the G20 summit between the two fails. The new round, proposed to be announced in early December, would apply to imports …
Canada Announces New Dairy Working Groups
Agriculture and Agri-Food Canada this week announced new dairy working groups to address industry concerns. Agriculture Minister Lawrence MacAulay announced the new working groups comprised of dairy farmers and processors. Canada says that while informal engagement has already begun with the dairy sector, the working groups bring together officials from Agriculture and Agri-Food Canada, representatives from national dairy organizations and …
Canada Willing to Stall Trade Deal with China until China is More Reasonable
Canada is willing to stall a potential trade deal with China until China starts behaving better, according to CBC News. Canada’s ambassador to China says a trade pact doesn’t seem likely to be reached until China shows flexibility on controversial policies. Ambassador John McCallum says right now, much of the work on a potential trade agreement is focusing on “bridging …