The Mexican Ambassador says there is a 50-50 chance that the North American Free Trade Agreement (NAFTA) will be “terminated.” Geronimo Gutierrez says there are tensions hanging over the three sides in the negotiations and that’s creating an air of uncertainty. The Hill Dot Com says despite that, he still thinks a deal to update the agreement can be done …
Trump Talks Trade with Senators
Several pro-trade Republicans met with President Donald Trump on Tuesday to discuss trade. Their goal was to let the president know on a face-to-face basis how important the North American Free Trade Agreement is and to keep negotiating. U.S. officials have taken a hard-line stance in the negotiations with Canada and Mexico, causing concern that the talks could fall apart …
NAFTA Has Been Good for Peanuts
The U.S. exported more than $12 billion of agricultural products to Mexico last year, including over 82,000 metric tons of peanuts. According to a story from Tyron Spearman, Mexico now ranks the number two buyer of U.S. exports, and overall NAFTA has been good for the peanut industry. NAFTA Has Been Good for Peanuts Sponsored ContentFlorida Cattle Enhancement Board Provides …
Ag State Lawmakers Voice Concern Over Possible NAFTA Withdrawal
Ag State lawmakers continue to voice strong concern, even worry, that the U.S. may pull out of the North American Free Trade Agreement (NAFTA), with dire consequences for home-state farmers and ranchers. The latest Department of Agriculture export forecast shows the importance of Canada and Mexico as the U.S.’s second and third-largest markets, respectively, and Secretary Sonny Perdue hails both, …
NAFTA May be Nearing Breaking Point
Forbes speculates that the North American Free Trade Agreement (NAFTA) negotiations may be reaching a breaking point. Little progress has been made in previous talks as the U.S. continues to push a hardline stance that the governments of Canada and Mexico aren’t going to accept. Last week, a government official from Mexico left a meeting with the Trump Administration with …
NAFTA Withdrawal Threat Already Affecting U.S. Trade
Even though the Trump Administration hasn’t followed through on a potential threat to withdraw from the North American Free Trade Agreement (NAFTA), the possibility is already affecting the U.S. Grain Trade. The fifth round of talks wrapped up last week in Mexico, with all sides promising to get the deal done “as soon as possible.” U.S Trade Representative Robert Lighthizer …
Trump Asks Roberts for Raincheck on NAFTA Discussion
President Trump took a trip to visit Republicans on Capitol Hill Tuesday with a focus on finding more votes for the tax-cut bill. However, Senate Ag Committee Chair Pat Roberts took the opportunity to bring up agricultural concern over the NAFTA negotiations. As the president walked out of the meeting, Politico says he asked Roberts, “How are your farmers?” Roberts …
Canadian Dairy Program Beginning to Negatively Affect Other Countries
Dairy has been a major sticking point between the U.S. and Canada during the North American Free Trade Agreement negotiations. The issue may actually get worse as Canada is now sending subsidized milk powder to Mexico. Jaime Castaneda, senior vice president of strategic initiatives and trade with the National Milk Producers Federation says Canada is trying to have its cake …
Eliminating Poultry Trade Barriers Part of NAFTA Negotiation Objectives
New items added to the list of negotiation objectives include eliminating Canadian tariffs on U.S. poultry as part of the next round of North American Free Trade Agreement talks. The next round of negotiations, scheduled for next month in Washington, D.C., will include the new objectives by U.S. Trade Representative Robert Lighthizer, according to meat industry publication Meatingplace. Lighthizer recently …
Canada Group Issues Report on Trade Without NAFTA
A Canada-based financial group outlines trade without the North American Free Trade Agreement in a new report called “The Day After NAFTA.” BMO Financial Group of Montreal published the report that says the Canadian food and beverage industry would be highly vulnerable without NAFTA, and that Canadian and U.S. crop producers would face a moderate level of vulnerability. Specifically, Canadian …