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Balanced Reporting. Trusted Insights.
Thursday, April 10, 2025
Agreements by the U.S., European Union and the UK to suspend all tariffs tied to airplane subsidies may open the door to renewed efforts by the U.S. to strike separate free trade agreements with the British and Europeans, according to Ag Secretary Tom Vilsack.
President-elect Joe Biden is out with a $1.9 trillion stimulus proposal that includes some significant new food assistance provisions, including an extension through the summer of the 15% increase in SNAP benefits provided by the COVID aid package enacted in December.
With a deal in place between the newly independent UK and the European Union, American ag groups are anxious to see the U.S. complete its own free trade agreement with the British as the Biden administration prepares to take the reins in ongoing talks.
The U.S. is ratcheting up its punishment on the European Union with new tariffs on French and German wine and other alcoholic beverages as both sides remain entrenched over aircraft subsidies.
After months of complaints from U.S. dairy farmers, the Trump administration took the first step Wednesday in challenging Canada’s implementation of new tariff rate quotas. The two countries will now begin consultations under dispute rules laid out in the U.S.-Mexico-Canada Agreement, which could lead to the formation of an official dispute panel.
The U.S. Dairy Export Council is investing big in Southeast Asia as demand for everything from whey to lactose is rising fast and providing new overseas profits for U.S. farmers who are increasingly dependent on exports.
When the U.S. hit Mexico with tariffs on its steel and aluminum exports in 2018, the Mexicans retaliated with their own tariffs on U.S. cheese, pork, apples and potatoes. Now, some U.S. farm groups are warning the Trump administration Mexico will retaliate if the U.S. uses tariffs again – this time to counter Mexican shipments of fruits and vegetables.
China, despite economic woes and its battle with COVID-19, is buying more foreign dairy this year, but the increased imports are doing far less for U.S. producers than the industry had hoped for after the “phase one” trade pact went into effect in February.
U.S. farm groups are looking for big wins as U.S. negotiators push the U.K. to abandon European barriers to agricultural trade in the countries' first round of trade talks, according to industry officials aware of the proceedings.
The Office of the U.S. Trade Representative is taking fresh aim at knocking down the European Union’s efforts to protect food names like black forest ham, feta, gorgonzola, fontina, roquefort and asiago cheese.