USMCA
Pence goes to Canada, looking for a sprint to the new NAFTA
Vice President Mike Pence and Canadian Prime Minister Justin Trudeau are scheduled to confer today in Ottawa on what could be a summertime sprint in both countries to ratify the USMCA trade agreement.
U.S. vote on the new NAFTA could slip to late 2020, says Grassley
Looking for a ‘huge vote’ in Senate to limit national-security tariffs
Senate Finance chairman Chuck Grassley is working with like-minded senators on crafting a bipartisan bill to limit the president’s power to impose import tariffs in the name of national security. “We’ve got to get a huge vote on it because it could be vetoed by the president,” said Grassley on Wednesday.
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.
U.S. farm products likely targets as Canada refreshes tariff list
Canada could soon propose retaliatory tariffs on "a significant number of agricultural products," including U.S. wine, pork, apples and ethanol, as part of its campaign for removal of American tariffs on steel and aluminum, said ambassador David MacNaughton on Monday. The food and ag products would be part of a "refreshed" list of tariffs that originally took effect last July 1.
Trump, dropping Mexico threat, says ‘very close’ to China deal
U.S. and Chinese negotiators may be within four weeks of resolving the Sino-U.S. trade war, said President Trump on Thursday. Trump said the nations are working on a comprehensive agreement. “And whether it’s our farmers or our technology people, all of them will be really happy.”
Pence hears grumbles about tariffs as he promotes the new NAFTA
Vice President Mike Pence told Indiana farmers on Thursday that the Trump administration is “absolutely determined to see the USMCA completed and ratified by the U.S. Congress this spring.” During his visit, the vice president heard complaints about tariffs on agricultural products from “numerous” crop and hog farmers.
Grassley urges Trump to remove tariffs on Canada and Mexico
To speed approval of the successor to NAFTA, President Trump should remove tariffs on steel imported from Canada and Mexico, said Senate Finance Committee chairman Chuck Grassley on Monday.
Ag ‘risks losing much of the trade gains achieved over the past three decades’
The U.S. food and agriculture sector would lose nearly $22 billion in exports, equal to 15 percent of this year's sales forecast, if the United States scrapped NAFTA without a replacement on top of withdrawing from TPP, said three Purdue economists in a report on Monday. "Under this more pessimistic outcome, the negative trade impacts would be reflected in lower incomes for U.S. farmers, reduced land returns and labor displacement."
Trump asks China to remove tariffs on U.S. ag exports
With the trade war stunting U.S. farm exports after two years of growth, President Trump said he has asked China to remove its retaliatory tariffs on U.S. food and ag exports. Trump announced the request on the same day four large farm groups opened their annual meetings with a joint endorsement of the new North American trade pact negotiated by the White House.
Trump asks Congress to pass trade deal with Canada, Mexico
After calling NAFTA an historic trade blunder, President Trump called on Congress on Tuesday to pass its successor, saying the United States-Mexico-Canada Agreement (USMCA) would expand American agriculture. Wheat growers responded by warning against withdrawing from NAFTA, a tactic Trump has discussed, before the new trade agreement is ratified.
Sen. Grassley heads to finance committee
‘New NAFTA’ helps alleviate farm income fears
Six in 10 respondents to a Purdue poll on farmer confidence said the United States-Mexico-Canada Agreement had either completely or somewhat relieved their concerns about their income over the next year.
Four times more tariff pain than financial gain in ‘new NAFTA’
Although President Trump declared the United States-Mexico-Canada Agreement a big win for U.S. farmers, a study released on Wednesday says U.S. farm exports will fall by $1.8 billion due to retaliatory tariffs by Mexico and Canada. That would be four times larger than the gains the trade pact would produce.
U.S. ‘locking up’ trade access to Canada and Mexico, says Perdue
Wheat and dairy groups were guarded in their assessments of the North American trade pact, while Agriculture Secretary Sonny Perdue asserted on Thursday the agreement "is locking up two of our top three markets for the future." The administration says the agreement, which needs approval by Congress, will enable fairer trade in food and agriculture but has not suggested what additional trade flow to expect.
‘Dairy was a deal-breaker’ in writing NAFTA’s successor, says president
President Trump veered between predicting easy approval of the new Canada-Mexico-U.S. trade agreement and expressing concerns about opposition to the pact on Monday while declaring that the agreement “is a very, very big deal for our farmers.”