It was announced this week that the European Union has slapped new tariffs on in-shell peanuts and peanut kernels at a level of 25%. A move that was authorized by the World Trade Organization (WTO). According to a story from Tyron Spearman, the United States Peanut Federation (USPF) is working to protect European market access for U.S. peanuts against this latest round …
2019 Trade Aid May Violate WTO Commitments
(NAFB) — A recent independent report suggests U.S. trade aid in 2019 for farmers may surpass limits set in World Trade Organization commitments. The report for the American Enterprise Institute by Joe Glauber, a former Department of Agriculture Chief Economist, suggests the size of payments made to producers in 2019 may encourage other WTO members to challenge the payments. Glauber …
US Wins Another Dispute Over Chinese Trade Practices
A World Trade Organization (WTO) dispute settlement panel found that certain Chinese trade practices were inconsistent with WTO commitments. U.S. Trade Representative Robert Lighthizer and Secretary of Agriculture Sonny Perdue announced that the WTO panel found China had administered its tariff-rate quotas (TRQs) for wheat, corn, and rice in a manner that unfairly limited American grain farmers access to the …
Too Early to Talk U.S. Withdrawal From WTO
Commerce Secretary Wilbur Ross says it’s “too early” to talk about the possibiity of the United States leaving the World Trade Organization. A Bloomberg report says the discussion comes about as a result of the Trump Administration continuing to talk about ways to improve the organization. During an interview with CNBC, Ross said, “The WTO knows there are some reforms …
Trump Administration Drafting Bill to Pull U.S. Out of WTO?
The website AXIOS, as well as AOL, are both reporting that the Trump Administration has drafted a bill that would abandon the United States’ commitment to the World Trade Organization’s rules. Trump has reportedly been discussing the withdrawal of the U.S. from the WTO altogether. However, Congress is unlikely to approve the measure. Administration officials involved in drafting the legislation …
Australia and New Zealand Dairy Leaders Would Support U.S. WTO Action on Canada
Dairy industry leaders from Australia and New Zealand say they would support the U.S. in potential World Trade Organization action against Canada. Leaders from both nations say they would support President Donald Trump if he included the WTO in a trade dispute over a milk pricing scheme by Canada that is harming U.S. dairy farmers. U.S. dairy groups say the …
World Trade Expanding Amid Deep Uncertainty
The World Trade Organization says world trade is on track to expand 2.4 percent this year, although there is “deep uncertainty” about economic and policy developments in the United States. The WTO says clarity is needed on President Donald Trump’s trade policies. The WTO pushed against trade protectionism in comments as a spokesperson said: “we should see trade as part …
U.S. Dairy Companies Push Back Against Canada’s Protectionist Policies
Group Urges U.S. Governors to Aid in Preserving Export Markets and ‘Consider All Tools at Their Disposal’ The U.S. dairy industry continued to push back against Canada’s protectionist policies that are effectively blocking American dairy imports into the country in violation of international agreements. A group of 17 dairy companies representing dairy farmers and processors from coast to coast asked …
WTO Ruling Could Bolster U.S. Beef Exports to Indonesia
The World Trade Organization (WTO) recently issued a decision that could provide further momentum for U.S. beef exports to Indonesia. Joe Schuele has more on that story. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024