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Balanced Reporting. Trusted Insights.
Saturday, April 05, 2025
The U.S. and Mexico continue to engage over Mexican President Andrés Manuel López Obrador’s threat to ban genetically modified corn imports, but there were strong signs from senators Wednesday that patience is wearing thin on Capitol Hill for a resolution.
Criticism is piling up on the Federal Maritime Commission’s attempt to define exactly what a reasonable reason is for ocean carrier companies to refuse to haul U.S. farm commodity exports to their destinations overseas.
Democrats on a key Senate committee raise concerns about a proposal backed by major farm groups to permanently bar the Environmental Protection Agency from regulating greenhouse gas emissions in the livestock industry.
President Joe Biden’s nominee to be the administration’s chief agricultural negotiator is expected to get committee approval this week as lawmakers start wrapping up their pre-election to-do list.
President Joe Biden’s choice to be the next chief agricultural trade negotiator spent much of his nomination hearing arguing that he and the U.S. trade representative will be able to increase foreign market access for U.S. farm goods without negotiating new free trade agreements, but Republican senators weren't buying it.
The House of Representatives voted 369-42 Monday to approve the Senate’s version of the Ocean Shipping Reform Act in an effort to reduce bottlenecks at U.S. ports and improve conditions for agricultural exports. The overwhelming vote sends the legislation to the White House, where President Joe Biden says he will sign it.
U.S. Trade Representative Katherine Tai continued her defense of a Biden trade agenda that does not so far include traditional free trade agreements with other nations, but several senators strenuously pushed back, arguing that the U.S. is being left behind on the international stage as China pushes forward with new tariff-slashing pacts.
President Joe Biden will release his fiscal 2023 budget on Monday, just six months before the new budget year begins, while Senate leaders search for a way to move a bill aimed at relieving port bottlenecks.
The price consumers paid for groceries jumped 1.4% in February, helping to drive an overall increase in the Consumer Price Index of 7.9% over the past 12 months, the largest in 40 years, the Bureau of Labor Statistics reported Thursday.
