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Balanced Reporting. Trusted Insights.
Saturday, April 12, 2025
U.S. farm groups are cheering the last-minute deal struck Sunday night to keep Canada in the newly renamed North American trade pact with the U.S. and Mexico.
U.S. and Canadian negotiators have reached an eleventh-hour agreement assuring Canada will be part of the renegotiated North American trade pact that is to be renamed the United States, Mexico, Canada Agreement. As part of the deal, Canada agreed to eliminate its controversial Class 7 dairy pricing program.
Yet another deadline is looming for U.S. and Canadian negotiators this week as they struggle to find compromises for a deal to make the North American Free Trade Agreement whole again and avert the unknown territory of trying to convert a three-party pact into a two-party accord.
Democrats and Republicans on the Senate Agriculture Committee were united today in their demands that the Trump administration settle its trade battles around the world and start forging new free trade agreements.
The trade deal struck Monday with Mexico is a major respite for the U.S. agriculture sector after enduring one trade disruption after another. But the Trump administration has a long way to go to restore any semblance of normality to the international marketplace that farmers and ranchers increasingly depend on to sell their crops.
There’s plenty for the U.S. agricultural sector to like in the U.S.-Mexico deal announced today, but the biggest win for farmers and ranchers is the agreement to continue the arrangement of zero tariffs on farm goods between the two neighboring countries.
President Donald Trump says the U.S. and Mexico have resolved several key obstacles to a renegotiated NAFTA – with a different name – while suggesting that Canada may be left out of a final agreement.
If the U.S. and Europe agree to discuss agricultural issues in their upcoming trade negotiations, geographical indications could prove a formidable obstacle to achieving success.
The U.S.-China trade war could drag on for years, but a U.S. agreement with Mexico on rewriting the North American Free Trade Agreement could happen as soon as August, U.S. Trade Representative Robert Lighthizer said today in a Senate hearing.
The USDA on Tuesday rolled out an outline of a $12 billion assistance plan amid growing anger from lawmakers and farm groups over the impacts of foreign tariffs on farm commodities.