Congress “ought to take action early this fall” on the United States-Mexico-Canada Agreement (USMCA) so the trade pact can take effect before the end of the year, said Senate Finance chairman Chuck Grassley on Tuesday. Grassley told reporters that U.S. trade representative Robert …
U.S. farm exports plunged by an abrupt 6 percent this year due to the Sino-U.S. trade war and a worldwide slowdown in economic growth, but they will rebound mildly in the year ahead, said the USDA on Thursday. However, the agency’s first forecast of exports in fiscal 2020 excluded the impact of a promised mutual escalation this fall of the trade war between China and the United States.
The U.S. Apple Association, a trade group, called for free access to overseas markets on Thursday, as it reported that export sales for 2018 had plummeted to $854 million, down from $1.1 billion in 2017.
The Commerce Department and Mexican tomato growers initialed a new agreement that, beginning on Sept. 19, will control U.S. imports of roughly $2 billion a year worth of fresh tomatoes from Mexico, said officials from both nations on Wednesday.
The United States and Mexico are among the world’s largest corn producers, and both are expanding production. A USDA report says that despite their geographic proximity, there are fundamental differences in the “corn economies” of the two countries.
Last summer, researchers from Mars Inc. and UC Davis announced the "discovery" of a variety of corn grown in Oaxaca that fixes its own nitrogen through mucus-covered aerial roots. Their study, in the journal PLOS Biology, touched off a debate—in Mexico and beyond—about the effectiveness of global policies designed to safeguard the genetic resources of indigenous communities, according to FERN's latest story, published with Yale Environment 360.
On Thursday, with Canadian Prime Minister Justin Trudeau seated at his side, President Trump predicted a “very bipartisan” vote in Congress for adoption of the so-called new NAFTA, though when the House will vote on the trade pact is unclear.
Mexico’s Senate ratified the “new NAFTA” on a 114-4 vote on Wednesday, making Mexico the first country to approve the free trade agreement. Prime Minister Justin Trudeau of Canada is to meet President Trump at the White House Thursday to discuss the path forward on the pact.
U.S. trade representative Robert Lighthizer said he was in discussions with House Democrats about “plussing up” the new NAFTA and shied away on Tuesday from suggesting when the White House will ask for a vote on it. Senate Finance chairman Chuck Grassley told reporters that he hoped …
Without providing details, President Trump said on social media over the weekend that Mexico, the largest U.S. food and ag trade partner, would "immediately begin buying large quantities of agricultural product from our great patriot farmers." Purchases were not mentioned in a joint declaration by the North American neighbors to avert temporarily Trump's threat to impose tariffs on all imports from Mexico unless it acted to restrict crossings at the southern U.S. border.