(NAFB) — Mexico’s Deputy Foreign Minister for North America said Friday that he believes U.S. lawmakers will begin the process of approving the U.S.-Mexico-Canada Trade Agreement (USMCA) soon. He believes it will move forward in the U.S. Congress now that Mexican President Obrador has vowed to increase wages and funding for labor reforms. A Yahoo Dot Com article says the …
China Phase One Agreement Ag Purchases aimed at $20 Billion
(NAFB) — The phase one agreement with China would boost U.S. ag exports to at least $20 billion in its first year. The overall agreement includes $40-50 billion of U.S. farm commodity sales to China over a roughly two-year period. China claims it would aim to buy at least $20 billion worth in the first year, if the agreement is …
China Confirms Phase One Agreement Ag Purchases
(NAFB) — Chinese officials confirmed this week they are working on finalizing a “phase one” agreement with President Donald Trump that includes significant purchases of U.S. ag products. An official from China’s Commerce Ministry confirmed the purchases to reporters, but did not provide details on how much U.S. ag products China will buy. The spokesperson says, “China will increase U.S. …
More Details Needed to Finish U.S. Japan Trade
Now that the U.S.-Japan Trade Agreement has been signed by President Trump, many feel it is a done deal and are ready to see the trading started soon. But during a recent media conference call, National Cattlemen’s Beef Association (NCBA) Director of International Trade and Market Access, Kent Bacus, explained there are still some details that need to be ironed out. Sponsored …
Agriculture Cautiously Optimistic on China Trade Deal
The good news from last week’s announced partial trade deal with China is a possible doubling of spending on U.S. farm goods. But, the flip side of that coin is continuing uncertainty over details. Spending has gone from nearly $20 billion in 2017, to less than $10 billion so far, this year, to as much as $40 to $50 billion …
Trump: China Ag Purchases Already Underway
(NAFB) — President Donald Trump says China will immediately start buying U.S. agricultural products. Via Twitter over the weekend, Trump says China will start buying “very large quantities†of U.S. farm products, adding, “they have already started.†The administration says the agreement Friday includes $40-$50 billion of commodity sales to China over the next couple of years. China already had …
Administration Pushing Hard for USMCA Ratification
Administration officials, including the Vice President, are pushing hard for Congressional approval of the USMCA. Gary Crawford has the story. Sponsored ContentNuseed Carinata Covers New GroundJuly 15, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
U.S. Japan Trade Deal Good for Beef Industry
Earlier this week, President Trump signed the U.S.-Japan Trade Agreement, which is an important step forward with U.S. agriculture’s fourth-largest export market. During a media conference call Thursday, National Cattlemen’s Beef Association (NCBA) Director of International Trade and Market Access, Kent Bacus, said this is a monumental development. According to NCBA, in 2018 Japanese consumers purchased $2.07 billion of U.S. …
China Talks in Washington, DC Underway
(NAFB) — Trade talks between the U.S. and China are underway, even as the U.S. puts more pressure on China, and some say the talks may be cut short. U.S. Secretary of State Mike Pompeo announced visa restrictions on certain Chinese officials this week, and the U.S. is expected to impose more tariffs on Chinese goods next week. The U.S. …
VP Pence Calls on Congress to Pass USMCA
(NAFB) — Vice President Mike Pence spent time early this week promoting the U.S.-Mexico-Canada Agreement (USMCA) while calling on Congress to pass the trade deal. Pence penned an editorial in the Arizona Daily Star promoting the trade agreement. The Vice President also toured a Tyson Foods facility in Tennessee. Meanwhile, in a White House statement, Pence says USMCA will add …