The three largest countries in North America announced an end to the 11-month battle of tariff and retaliatory tariff that pinched U.S. farm exports to Canada and Mexico, the two largest customers in the world in the for the goods. The agreement, which took effect over the weekend, improved the prospects for ratification of the new NAFTA and altered the dynamics of the Sino-U.S. trade war.
Under the threat of $1 billion in retaliatory tariffs by Canada and Mexico, Congress repealed a law 16 months ago that required packages of beef and and pork to say where the animals were born, raised and slaughtered. Activist agricultural groups say a revival of the labels would be a complement to President Trump's America First policy and his complaint of unfair practices by U.S. neighbors.
After withdrawing the United States from the Trans-Pacific Partnership trade pact, President Trump's top trade objective is renegotiation of the 23-year-old U.S.-Canada-Mexico agreement known as NAFTA. Farm groups speaking for U.S. hog and turkey farmers told a House Agriculture subcommittee that their industries could suffer greatly if exports are disrupted.