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Balanced Reporting. Trusted Insights.
Thursday, April 03, 2025
The Trump administration remains adamant that Canada shut down its Class 7 milk pricing program as part of an overall deal to rewrite the North American Free Trade Agreement, USDA Secretary Sonny Perdue told reporters today.
NAFTA talks between the U.S. and Canada broke off Friday afternoon with no agreement on how the 24-year-old trade pact will be structured in the future, and whether a revised agreement will include Canada at all, or just be a bilateral pact with Mexico. The U.S. said the talks will continue Wednesday.
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.
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.
Republican and Democratic senators let loose Wednesday with scathing criticism for President Donald Trump’s escalating tariffs and tariff threats that are attracting retaliation from around the globe.
Commerce Secretary Wilbur Ross tried to defend the tariffs at a Senate hearing, but most of the lawmakers appeared not to be swayed.
Pork exports were a hot topic at the World Meat Congress for both the challenges ahead in a very uncertain trade environment and growing opportunities as global consumers demand more protein and innovative food products.
The Trump administration’s insistence that Canada agree to add a five-year sunset clause to the North American Free Trade Agreement dashed the potential for a high-level meeting in Washington that could have resulted in a final deal, Canadian Prime Minister Justin Trudeau said on Thursday.
President Donald Trump announced today the U.S. is hitting Canada, Mexico and the European Union with steel and aluminum tariffs, putting the fate of the North American Free Trade Agreement into further uncertainty and exposing U.S. farmers and ranchers to retaliation.
Until recently, the top negotiators for the U.S., Mexico and Canada were working “intensely” to finish up a deal for a new North American Free Trade Agreement, but activity has dwindled to a near standstill and pessimism has replaced those high hopes for a speedy conclusion.
John Baize was on a mission to sell more U.S. soybean oil in Egypt. But there was a problem, according to the government buyer who was charged with procurement of edible oils in that country.