trade agreements

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.

With agreements in hand, fewer farmers expect trade war payments

Farmers are optimistic about the resumption of trade with China and, as a result, fewer of them believe the Trump administration will send trade war payments to producers this year, said a Purdue University poll on Tuesday. Fewer than half of the producers contacted by the Ag Economy Barometer said they anticipated payments this year, compared to nearly six out of 10 last fall.

If exports rise, farmers won’t need trade aid, says Perdue

U.S. ag exports have gained limited traction from President Trump's ballyhooed trade victories, but Agriculture Secretary Sonny Perdue is optimistic that demand will improve. "I hope we can show that a third round [of trade war payments] is not needed for 2020," Perdue said in a statement. "We still believe farmers want trade rather than aid."

Give trade agreements time to work, says FCA chief

The chairman of the Farm Credit Administration appealed for Farm Belt patience on Trump trade agreements on Wednesday. "The groundwork has been laid for trade normalization and improved farm prices," said Glen Smith during a House Appropriations subcommittee hearing.

As Trump takes victory lap, Canada begins USMCA approval

President Trump led a 37-minute celebration of the new NAFTA on Wednesday, signing the United States-Mexico-Canada Agreement on the White House lawn during a ceremony packed with laudatory descriptions of the “very, very special” tri-national free trade agreement.

As Senate passes USMCA, Trump tells farmers to remember the trade war money

As President Trump scored his second trade victory in two days, Senate approval of the United States-Mexico-Canada Agreement, he asked farmers on Thursday to remember the billions of dollars they had received in trade war payments.

Near-unanimous Senate approval, ‘hopefully soon,’ predicted for USMCA

The Senate Finance Committee overwhelmingly approved one of President Trump’s top priorities, an updated free trade pact with Canada and Mexico, on Tuesday with Democrats claiming a share of the credit in a trade victory for the president. U.S. agriculture would see modest increases in exports …

House to start ‘new NAFTA’ on its way to reality

The Democratic-controlled House is set to approve one of President Trump’s top priorities today — an updated North American trade pact — a day after impeaching him. The Senate is not expected to give final congressional approval to the United States-Mexico-Canada Agreement until early next year.

A deal on USMCA, but final approval will wait until 2020

U.S. farmers and ranchers would see modest gains in food and agriculture exports under the revised North American trade agreement announced by the White House and House Democrats on Tuesday, the same day the House moved closer to impeaching President Trump. Farm groups called for speedy …

House Democrats stress USMCA enforcement in meeting with Trudeau

The House Democratic task force on the so-called new NAFTA “has made substantial progress” with U.S. trade representative Robert Lighthizer on modifications to the tri-national agreement, said a statement from the Ways and Means Committee on Wednesday.

Pence tells Iowa, ‘I came … to turn up the heat’ on USMCA

Time is running short for President Trump to win congressional approval of the United States-Mexico-Canada Agreement this year, with lawmakers set to work just eight weeks before adjourning in early December. Vice President Mike Pence called on House Democrats on Wednesday to set aside their “partisan impeachment” inquiry and approve the USMCA.

Prospects dim for USMCA this year, says CoBank

U.S. farmers are harvesting crops for the second year in a row under the shadow of hefty tariffs, says agricultural lender CoBank, pointing to uncertainty over trade policy, late-maturing crops and African swine fever. “It is also increasingly unlikely that the United States-Mexico-Canada …

Japan agrees to lower tariffs on U.S. farm exports

U.S. farmers will gain broader access to Japanese consumers under an agreement signed by Prime Minister Shinzo Abe and President Trump on Wednesday in New York. The White House called the deal “a major win for our farmers, ranchers, and growers.”

September is for USMCA deal-making, says Grassley

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 Lighthizer …

New agreement will govern imports of tomatoes from Mexico

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.

Trump: USMCA vote will be ‘very bipartisan’

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 ratifies USMCA; Trudeau and Trump to discuss pact today

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.

White House starts the march to a vote on the new NAFTA

U.S. trade representative Robert Lighthizer sent a letter to congressional leaders on Thursday to trigger the process of approving the new NAFTA. The draft of a so-called statement of administrative action allows the Trump administration to submit the trade deal to Congress within 30 days.

Report: The ‘new NAFTA’ will boost ag exports by 1.1 percent

U.S. food and agricultural exports would increase by $2.2 billion, or 1.1 percent, with full implementation of the United States-Mexico-Canada Agreement, the successor to NAFTA, said the U.S. International Trade Commission in a report issued Thursday.

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