Republicans could push for a swift vote on the U.S.-Mexico-Canada Agreement if Congressional power swings to Democrats in the November elections. Some Republicans in the Senate are pushing to approve the new trade deal this year, if the party loses majority in the House. The USMCA will replace the North American Free Trade Agreement, and if one of the chambers …
USMCA Deters China’s Efforts of FTA’s With Mexico, Canada
A clause in the upgraded and renamed North American Free Trade Agreement (NAFTA) nearly forbids deals with “non-market” countries, such as China. The language deep in the new U.S.-Mexico-Canada Agreement (USMEC) marks another blow in the tit-for-tat trade war the U.S. is leveraging against China. Reuters points out that the clause, which has stirred controversy in Canada, fits in with …
USCMA: Turkey and Poultry Trade Changes with Canada
In another win for U.S. agriculture, the upgraded North American Free Trade Agreement includes expanded access to the Canadian market for U.S. chicken and turkey products. Dairy stole the show in the negotiations, but the U.S. will also gain the market share in turkey in poultry if all three countries approve the new U.S.-Mexico-Canada Agreement (USMCA). Meat industry publication Meatingplace …
Trade Deal Adds to Momentum
Canada’s last-minute agreement to join a new NAFTA with the U.S. and Mexico, resolves major trade and legislative hurdles for U.S. agriculture. The trilateral deal, seen as a big trade win for President Trump amid a protracted tariff fight with China, will also make it easier for U.S. dairy to compete in Canada, which strongly resisted changes to its supply …
New NAFTA Faces Long Road Before Implementation
The updated North American Free Trade Agreement (NAFTA) has many procedural hurdles to pass before farmers and ranchers can see any benefits. President Trump called the agreement a “promise kept” regarding his trade agenda, as NAFTA will become the U.S.-Mexico-Canada Free Trade Agreement, or USMCA. The late-night announcement Sunday allows the Trump administration to beat a self-set deadline. The administration …
Secretary Perdue Statement on United States-Mexico-Canada Agreement
U.S. Secretary of Agriculture Sonny Perdue issued the following statement regarding the announcement of a United States-Mexico-Canada Agreement (USMCA): “The great news of a new USMCA deal is important for our economy as a whole, including the agricultural sector, which counts Canada and Mexico in our top three trading partners. I have long said that I believe our country is …
Groups Respond to New US-Mexico-Canada Agreement
AFBF: Farm Bureau Applauds Trade Progress with Canada The following statement regarding the announcement of trade progress with Canada can be attributed to American Farm Bureau Federation President Zippy Duvall: “Today’s announcement regarding the United States-Mexico-Canada Agreement is welcome news. This was a hard-fought win and we commend the administration for all the efforts to solidify the trading relationships we have with …
Trade Deal Reached Between United States, Canada and Mexico
Canada has agreed to join the trade accord between the United States and Mexico, effectively replacing the North American Free Trade Agreement (NAFTA). The announcement comes after Mexico and the United States reached a deal in late August. The new United States-Mexico-Canada Agreement (USMCA) will allow better access to Canada for American dairy products and also provides for more imports of …
Legislators Call for NAFTA Negotiation Slowdown
Three state representatives are asking U.S. Trade Representative Robert Lighthizer to slow down the pace of the North American Free Trade Agreement (NAFTA) negotiations. They feel that gives the U.S. the best opportunity to come to a fair agreement on dairy exports. Representatives from Wisconsin, Washington, and New York all represent states that need open-market access to Canada in order …
U.S. Says Canada Not Making Needed NAFTA Concessions
U.S. Trade Representative Robert Lighthizer charges Canada is not making needed concessions to strike a deal on the North American Free Trade Agreement (NAFTA). As the U.S. ideal deadline will pass this weekend, the U.S. is gearing up to move forward with a Mexico-only agreement. Lighthizer said there was “some distance” between the two sides on issues such as access …