The U.S. and Mexico are nearing an agreement on the trade of automobiles as part of the North American Free Trade Agreement (NAFTA) renegotiation effort. Politico reports the U.S. and Mexico are in the “final stages” of reaching a deal on the automotive rules of origin section of NAFTA, key to completing the renegotiation. A team of negotiators is in …
Lighthizer Testimony: NAFTA Deal Possible in August
During congressional testimony on Thursday, U.S. Trade Representative Robert Lighthizer told lawmakers that it’s entirely possible that the three North American Free Trade Agreement (NAFTA) members will reach a deal in August. Lighthizer says that would meet the Mexican objective of having current President Enrique Pena Nieto sign the deal before he leaves office in December. Bloomberg says U.S. trade …
NAFTA Back in the Spotlight
The Mexican negotiating team is back in Washington to continue the North American Free Trade Agreement (NAFTA) renegotiation after talks among the U.S., Mexico, and Canada stalled two months ago. The Mexican Economy Minister will meet with U.S. Trade Representative Robert Lighthizer for the first time since the Mexican presidential election on July first to formally restart the talks. A …
Mexico and Canada Want NAFTA Conclusion This Year
Mexico and Canada want to wrap up the renegotiation of the North American Free Trade Agreement this year, according to the Hagstrom Report. While in Washington, D.C. this week, The Mexican ambassador to the United States says the incoming Mexican president wants NAFTA to “be completed before he takes office on December 1.” An official from Canada said the nation …
Trump: No Hurry to Settle NAFTA
President Donald Trump told Fox News he’s not going to rush into a new North American Free Trade Agreement (NAFTA). He thinks the U.S. can get a better deal by waiting until after the dust settles on the midterm elections in the fall. Agriculture groups fall on the other end of the spectrum, wanting a deal done as quickly as …
Quebec Says Canada Should Rethink Dairy Policy
The largest dairy-producing province in Canada says the country should reconsider its dairy policy to help ease tensions with the United States. The Premiere of Quebec says the perception is that the Class 7 milk-pricing policy was put in place to hurt the competitiveness of American dairy products. Phillippe Couillard tells Bloomberg that the pricing policy seems to be the …
NCBA Responds to Canada Tariff Hikes on U.S. Beef Imports
Canada has announced it will place higher tariffs on U.S. beef imports starting on Sunday, July 1. Kent Bacus is the NCBA Director of International Trade and Market Access, and he says Canada has finally followed through on actions it’s been threatening for months. “Canada has followed through on a threat to slap a tariff on $170 million worth of …
Canada Announces Pork Sector Investment
Amid global trade uncertainty and U.S. pork facing tariffs, Canada is investing to expand its swine sector. While the two moves are not directly related, Canada Agriculture and Agri-Food Minister Lawrence MacAulay just announced a federal investment of up to (Canadian) $12.7 million to Swine Innovation Porc, a non-profit corporation that facilitates research in the Canadian swine sector. The non-profit …
Canada Dairy Group Understanding of U.S. Frustrations
The largest dairy processor in Canada says President Trump “has a point” when it comes to dairy trade between the U.S. and Canada. Saputo Inc. told Reuters:“Canada should consider eliminating its Class 7 milk policy in order to renegotiate the North American Free Trade Agreement with the United States.” The CEO says he understands “the frustrations,” adding, “quite frankly I …
Secretary Perdue Comments on Canada Dairy Issue
While traveling to Canada last week, Agriculture Secretary Sonny Perdue and his Canadian counterpart spoke in unison supporting trade. Perdue visited the farm of Canada’s Agriculture Minister Lawrence MacAulay, Friday. Speaking with reporters after the event, Perdue discussed Canada’s Dairy Supply Management System, targeted by the U.S. dairy industry as a priority to address through the North American Free Trade …