Reuters

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Non-tariff barriers, which also include food safety regulations, are “orders of magnitude” more important than tariff rates.
Hungary reported its first case in more than 50 years of the disease on a cattle farm early last month.
The plants will produce beef, pork and poultry, and will mainly use raw materials imported from Brazil.
For the first time in over 50 years, Slovakia detects foot-and-mouth disease in three farms.
The registration status for pork, beef and poultry plants across the U.S., including some owned by major producers, was changed from “effective” to “expired.”
The exemption, which will expire on April 2, covers the two largest U.S. trading partners. Trump had earlier only mentioned an exemption for Mexico, but the amendment he signed to his order for 25% levies on imports, which went into effect on Tuesday, covers Canada as well.
President Trump says tariffs on goods from Canada and Mexico will now take effect on April 2, 2025.
Germany’s meat and dairy exports outside the EU face severe restrictions after the country’s first case of the livestock disease foot-and-mouth was confirmed on Friday.
Reuters reports that the union representing 45,000 dock workers on the U.S. East and Gulf Coasts and their employers reached a tentative deal on a new six-year contract.
Hormel Foods forecast annual sales and profit below estimates on Wednesday, hurt by slowing demand for its snacking and meat products, including its Jennie-O Turkey brand.