Trade
In response to John Deere’s recent announcement about moving some of its production to Mexico, Trump expressed concern about the impact on American workers, stating, “It’s hurting our country. It’s hurting our workers.”
The contract between the International Longshoremen’s Association and the United States Maritime Alliance is set to expire on Sept. 30. Negotiations between the two parties have stalled, raising concerns about a possible strike starting Oct. 1.
The effects are already visible, with declining French barley exports to China and the U.S. struggling to sell corn for the new season.
On the heels of the recent debate, we’d like to know which presidential candidate, Democrat Kamala Harris or Republican Donald Trump, you believe will have a more positive impact on agriculture.
China’s soybean imports reached a record high in August 2024, reflecting significant growth in the country’s demand for the oilseed, but meat imports declined.
Agricultural imports are expected to reach a record $212 billion, up $8 billion from FY 2024. This increase is largely due to rising imports of horticultural products, sugar and tropical products.
USMEF, USDA and Columbian officials met recently to build a better understanding of the U.S. livestock industry and the red meat export market.
When discussing imports, it’s important to remember consumer demand is the difference maker. Consumers are the business.
The classification would have boosted exports and reduced tariffs on goods from country that is rising supply chain alternative to China.
USMEF is working with USDA and Public Health Information System as well as industry partners to eliminate other barriers for U.S. meat shipments to Canada.
At this week’s Republican National Convention, the GOP confirmed their ticket for the 2024 presidential race while calling for unity in America following the assignation attempt on candidate Donald Trump. Meanwhile, there’s growing pressure among Democrats for President Joe Biden to step away from the race.
Strategies for promoting underutilized beef and pork cuts in the international market was the focus of discussions during the USMEF spring conference.
Joint statement unites cattlemen across North America to promote efficient cattle production and encourage governments to provide science-based oversight of beef imports.
During a discussion on AgriTalk, the Senator said he supports free trade and believes that tariffs can create more problems instead of solutions. He also was less than enthusiastic about the GREET Model.
From drought issues posing problems in the Panama Canal to growing tensions and attacks in the Red Sea, it’s causing freight rates to skyrocket and ongoing delays in shipping products around the globe.
While the U.S. and EU aim to make progress during an upcoming summit, reaching a final agreement is uncertain. This issue has significant implications for U.S./EU ties, climate goals, and geopolitics.
As brent crude futures soar toward $100, it’s creating a new battle in the Federal Reserve’s effort to fight inflation. One money manager warns another rate hike is likely.
China’s GDP growth could possibly drop lower than the U.S. this year. In fact, fewer and fewer sectors are healthy, and only then by direct government intervention.
USDA on Thursday lowered expectations for both ag exports and imports in FY 2023. The export decline is linked to corn and wheat, while the import decline is correlated with easing prices.
“Mexico’s decree, which runs counter to scientific findings and is in direct violation of USMCA, is negatively impacting American corn growers,” said Tom Haag, NCGA president.
The July Ag Economists’ Monthly Monitor showed several key changes from June including a bigger cut to corn and soybean yields, a drop in corn and soybean prices and more bullish cattle and hog prices.
The leaders also drafted a proposed legislation earlier this month that promises treaty-like benefits for businesses seeking cross-border investment opportunities via the tax code.
This slump, deeper than May’s 7.5% drop, represents the largest decline since February 2020.
During a bilateral meeting on Thursday, U.S. Trade Representative Katherine Tai discussed with Mexico’s Secretary of Economy Tatiana Clouthier various issues concerning energy and biotech corn.
Representatives from the U.S., Mexico and Canada will meet in Cancun, Mexico this week to discuss a series of disputes, including Mexican energy and biotech policies and Canadian dairy barriers.
Beijing on Monday announced export controls on gallium and germanium. Now the Biden administration is set to restrict Chinese companies’ access to U.S. cloud-computing services that use AI chips.
The Ag Economists’ Monthly Monitor is a new survey of nearly 50 economists. Most ag economists agree the next 12 months could produce more financial pressure for agriculture, but their views vary depending on commodity.
Over the 29 years of free trade, U.S. ag exports to Mexico increased both in terms of volume and value, although there were some years where growth was not positive.
China’s exports to Russia reached a record high in April, amounting to $9.6 billion.
“If California were to win this Supreme Court case, there’s nothing stopping the state from saying, for example, you can only sell corn in California if it’s harvested with an electric combine,” says Dillard.