As President Donald Trump has ratcheted up the conversation on trade, Canada is sticking to it’s “keep-calm” strategy. While the European Union immediately offered a list of targeted U.S. products in response to Trump’s tariff plan for steel and aluminum, Reuters says Canada is trying to stay constructive, and use negotiations for a better outcome. For now, the tariff plan …
South Korea Forming Response team to U.S. Trade Protectionism
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 …
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 …
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 …
U.S. Ag Pays the Price for Trade Disputes
The Farmers for Free Trade Group released a report this week that highlights how American farmers and ranchers have paid the price in trade disputes. Consequences usually happen in the form of retaliatory tariffs. The report comes out as the Trump Administration makes a final decision on placing tariffs on steel and aluminum imports. That would be on top of …
Treasury Secretary Mentions U.S. Possibly Re-joining TPP
It’s been over a year since President Trump pulled the U.S. out of the multinational Trans-Pacific Partnership (TPP). Treasury Secretary Steven Mnuchin says the U.S. is willing to discuss possibly rejoining the trade pact. He spoke recently at an investment summit meeting sponsored by the U.S. Chamber. According to Mnuchin, renegotiating the agreement is “absolutely on the table” and he’s …