U.S. agriculture stands to lose big if a trade dispute with Mexico or Canada surfaces. CoBank CEO Tom Halverson told Bloomberg News recently that agriculture is in a “vulnerable position.” President Trump withdrew the U.S. from the Trans-Pacific Partnership and is vowing to renegotiate the North American Free Trade Agreement. However, as Halverson point out, Mexico is considering Brazil and …
Canada Considering Trade Retaliatory Options
Canada is exploring retaliatory options after the Donald Trump administration announced tariffs on Canadian softwood lumber last month. Canada’s Prime Minister Justin Trudeau (true-doh) is exploring ways to push back against the United States, although what options Canada is considering remain unclear. A trade official from Canada called the move normal, according to Politico. The remarks came after Trudeau over …
White House Staffer Called Canada to Sway Trump on NAFTA
A White House staffer reportedly called an official in Canada last month to ask the nation to persuade President Donald Trump to not terminate the North American Free Trade Agreement. Multiple media outlets say the call came when Trump was preparing an executive order to end the free trade agreement between the U.S., Canada and Mexico. White House staff apparently …
Canada, Mexico, Eyeing Trade Markets Beyond U.S.
Mexico and Canada both are eyeing new trade partners as trade rhetoric and threats from the U.S. are growing trade-related concerns between the three countries. The North American Free Trade Agreement members, Canada and Mexico, are considering non-U.S. markets, including China, to grow their economies in the future. The moves come as President Donald Trump promises a renegotiation of NAFTA, …
Canada Offers Potential U.S. Ethanol Export Growth
With Canada seeking to reduce greenhouse gas emissions by 20 megatons by 2030, the U.S. ethanol industry is eager to help Canada reach the goal. The U.S. Grains Council says the U.S. ethanol industry last month visited Canada to tout U.S. ethanol. The industry also commented on the proposed Canadian Clean Fuel Standard. Canada has an existing national blending mandate …
TPP Nations Meet in Canada to Discuss Future of Pact
Bloomberg reports Canada is hosting what it calls an “exploratory” round of talks regarding the Trans-Pacific Partnership. Senior trade officials from the remaining countries in the pact are in talks this week in Toronto. The event is expected to be a stage-setter for an upcoming Asia-Pacific Economic Cooperation Summit in Vietnam. The article says this week’s trade talks are a …
Canada/Mexico Doing NAFTA Renegotiations “Together”
The relationship between Mexico and Canada amid the upcoming North American Free Trade (NAFTA) negotiations is said by both countries to be more important than ever. The Canadian Broadcasting Company website says Mexican President Enrique Pena (payn-ya’) Nieto (Knee-eht-oh) and Canadian Prime Minister Justin Trudeau were both caught off guard by media reports saying U.S. President Donald Trump was readying …
Former USTR Says Future NAFTA Renegotiations Unpredictable
A former U.S. trade representative warned Canada that trade negotiations with the U.S. would be much less predictable with the Donald Trump administration. Obama-era USTR Michael Froman told Canada-based CBC News much of the North American Free Trade Agreement renegotiations with the Trump administration will likely be familiar ground, albeit with a less predictable partner. Froman helped lead the Obama …
Progress on Canada Dairy Issue
The Associated Press reports more farmers impacted by what they call unfair trade practices by Canada have found a buyer for their milk. A Wisconsin state officials told the Associated Press Tuesday that around 15 more farms have found buyers or have promising leads. If those deals go through, that means 20 to 25 of the 58 farms dropped by …
Trump Administration Imposing Tariff on Canada Lumber Products
The Donald Trump administration intensified a decades-old trade dispute with Canada this week, announcing tariffs up to 24 percent on imported softwood lumber. Bloomberg News reports the step escalates an economic battle among neighboring countries that normally have one of the friendliest international relationships in the world. It follows a fight over a new Canadian milk policy that U.S. producers …