Mexico displaces China as top market for U.S. food and ag exports
U.S. food and ag sales to Mexico surged by 7 percent during the 2024 fiscal year, making the North American neighbor the No. 1 ag export customer, according to Census Bureau data tracked by the USDA. China, the leader since the end of the Sino-U.S. trade war, fell to third place, behind Canada, in export purchases.
Mexico is on China’s heels as top U.S. food and ag export market
China was less than $500 million ahead of Mexico as the leading customer for U.S. food and ag exports as the fiscal year entered its final months, according to USDA data released Wednesday. The agricultural trade deficit, forecast to set a record this year, was already at $18.8 billion, with three months to go.
China falls to third place as U.S. ag export market, USDA says
U.S. food and ag exports to China will fall by $6 billion this fiscal year in the biggest slump in sales since the Sino-U.S. trade war, forecast the Agriculture Department on Wednesday. Mexico and Canada will surpass China as the top customers, while the agricultural trade deficit will widen to $32 billion.
Economic challenges worldwide force retreat in farm exports, says USDA
After setting a record last year, U.S. farm exports will shrink 8 percent this year, due to tightening economic conditions worldwide and lower commodity prices, said the Agriculture Department on Wednesday. The $15.4 billion decline in sales would be most pronounced for corn, cotton, beef, and soybeans.
Canada cautions on ‘Product of USA’ regulation
Canada and the United States are a global example of cross-border trade in food and agriculture products, forecast to exceed $65 billion this year. But Arun Alexander, Canada's deputy ambassador in Washington, said Tuesday "we are concerned about the real world consequences" of changing the rules on the voluntary "Product of USA" label.
Keep ‘foreign adversaries’ out of U.S. agriculture, say lawmakers
Bipartisan bills in the House and Senate, inspired by rising international tensions, would block China, Russia, Iran, and North Korea from buying U.S. farmland or agricultural companies, said sponsors on Thursday.
U.S. escalates dairy dispute with Canada
An international panel will hear renewed U.S. complaints that Canada is blocking dairy imports, said the Biden administration on Tuesday. The two nations held fruitless consultations in mid-January, so U.S. trade representative Katherine Tai demanded a ruling from a dispute resolution panel — a request that is granted automatically under the U.S.-Mexico-Canada free trade agreement.
U.S. requests third consultation on Canadian dairy quotas
The U.S.-Mexico-Canada Agreement is six months shy of its third anniversary and the United States already has requested a third set of bilateral consultations over its objections to Canada's dairy quota system. U.S. trade representative Katherine Tai announced the request on Tuesday, saying the government has identified additional aspects of Canadian import rules that violate its agreement to allow a larger volume of U.S. dairy imports.
U.S. files new challenge to Canada’s dairy quotas
Accusing Canada of backsliding on its commitments, the United States requested consultations on Wednesday with its northern neighbor over dairy import quotas that limit American access to the Canadian market. U.S. trade representative Katherine Tai said Canada has expanded its restrictions despite being the loser in a USMCA trade ruling.
Canadian dairy quotas violate USMCA terms, dispute panel rules
In the first decision under the new North America trade pact, a three-judge dispute settlement panel ruled that Canada had manipulated its tariff-rate quotas to limit imports of U.S. dairy products, despite agreeing to greater U.S. access in the 2020 agreement. Agriculture Secretary Tom Vilsack said the ruling was a signal of U.S. resolve against unjustified trade restrictions anywhere.
Higher prices, smaller exports for U.S. wheat
U.S. wheat exports are slowing due to high prices and rising global production, said the Agriculture Department on Thursday. "U.S. export prices are expected to remain elevated [for] the rest of 2021/22, further diminishing U.S. competitiveness," said the USDA's monthly WASDE report.
North America can lead the world on climate mitigation, says Vilsack
The agriculture ministers of Canada, Mexico, and the United States described national initiatives to boost productivity and slow global warming at the World Food Prize symposium on Thursday, with U.S. Agriculture Secretary Tom Vilsack saying, "There's a tremendous opportunity for North America to lead the world." While he called for being tolerant of different approaches to climate mitigation, Vilsack was clear that in his view, the U.S. high-technology approach is the best.
U.S. demands trade panel ruling in dairy dispute with Canada
The Biden administration elevated a long-simmering dispute over Canadian dairy quotas on Tuesday by calling for a three-judge panel to decide the matter under USMCA rules. It was the first time that a dispute settlement panel was invoked under the trade agreement that took effect last July 1.
Dairy likely to highlight USMCA consultations
Trade ministers from Canada, Mexico and the United States are scheduled to confer digitally on Monday and Tuesday in the first meeting of the USMCA's Fair Trade Commission, with dairy expected to be the hot topic. U.S. dairy groups called on Sunday for the Biden administration to escalate an ongoing complaint against Canadian dairy quotas unless this week's meeting produces results.
First USMCA challenge is over dairy quotas
The Trump administration said it was challenging Canadian quotas on dairy imports as unfair to U.S. milk producers. The challenge, announced on Wednesday, was the first under the United States-Mexico-Canada free trade agreement.
U.S. ag exports to China on the rise, but not at ‘phase one’ pace
China is stepping up its purchases of U.S. farm exports, but it will not meet the ambitious sales goals of the "phase one" agreement that de-escalated the Sino-U.S. trade war, said USDA data on Wednesday. In a quarterly forecast, USDA analysts said China, the farm sector's No. 1 customer before the trade war, will remain locked in third place as an export destination in 2021, behind Canada and Mexico.
Trump offers aid to lobster industry and a tariff threat to China
President Trump told the USDA on Wednesday to provide trade war relief to U.S. lobster fishermen and producers and threatened retaliatory tariffs on seafood from China if Beijing fails to buy massive amounts of U.S. food, agricultural, and seafood products this year.
Covid-19, ‘this global tragedy,’ flattens U.S. ag exports
Throttled by pandemic, U.S. farm exports this year will barely exceed last year's totals, wiping out hopes of a speedy recovery from trade-war losses, said the USDA. Sales to China are rising but slower than projected when the "phase one" trade agreement with Beijing took effect in February, and far from the tripling necessary to satisfy the purchase levels specified in the pact.(No paywall)