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<p>Balanced Reporting. Trusted Insights.</p>
Wednesday, April 02, 2025
The U.S. and Mexico are lauding an agreement struck Friday to prevent new tariffs, but the tenuous pact relies on Mexico’s ability to decrease immigration to the U.S. and does not include some form of promise for Mexico to import more U.S. ag commodities.
President Donald Trump heads to Iowa this week to shore up his rural base and promote the U.S.-Mexico-Canada agreement, fresh from dropping a threat to impose new tariffs that farm groups and lawmakers feared could jeopardize congressional approval of the North American trade pact.
Just days after dropping steel and aluminum tariffs on Mexico and Canada, President Donald Trump is threatening to reinstate new tariffs on all Mexican goods.
The Trump administration is in a hurry for Congress to ratify the U.S.-Mexico-Canada trade agreement, but many House Democrats showed Wednesday at a hearing that they won’t be hurried as they contemplate changes to the renegotiated North American trade pact.
The Agriculture Department is rushing to finish a new trade assistance package for farmers hurt by the ongoing trade war with China, while congressional negotiators this week look to pass a long-stalled disaster aid package before the week-long recess for Memorial Day.
The U.S. has agreed to lift its steel and aluminum tariffs on Canada and Mexico, removing major obstacles for ratification of the renegotiated North American free trade pact by all three countries.
The U.S., Canada and Mexico are getting close to a deal to lift U.S. steel and aluminum tariffs on its North American allies, clearing the way for ratification of a new trade pact for the three countries, says U.S. Treasury Secretary Steven Mnuchin.
It’s not competing pork producers in Europe or Canada who are the biggest threat to the U.S. share of Mexico’s demand. It’s producers already in or moving to Mexico.
The Trump administration resumes negotiations with China this week in pursuit of an elusive trade deal, while Congress returns from its two-week Easter recess with a long to-do list that includes a disaster aid bill that is stalled in the Senate.