business nafta

Canada Staying Calm and Constructive Amidst Trade Talks

Dan Industry News Release, Trade

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 …

agricultural

South Korea Forming Response team to U.S. Trade Protectionism

Dan Industry News Release, Trade

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 …

agricultural

Trump Considering Trade Protection Measures Against China

Dan Industry News Release, Trade

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

AFBF Encouraged by Efforts to Extend TPA

Dan Trade

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 …

trade deal

Trump Tells Canada he wants “Fair” NAFTA Deal

Dan Industry News Release, Trade

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 …

north

NAFTA Round Seven Wrapped Up Monday and Facing More Questions

Dan Industry News Release, Trade

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 …

chinese trade practices

WTO Worried About Trade Wars Resulting from Trump Tariffs

Dan Exports/Imports, Industry News Release, Trade

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

Dan Industry News Release, Trade

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

Treasury Secretary Mentions U.S. Possibly Re-joining TPP

Dan Industry News Release, Trade

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 …