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<p>Balanced Reporting. Trusted Insights.</p>
Wednesday, April 02, 2025
A congressional agreement that would boost the child tax credit and temporarily increase some business tax breaks is paving the way for a major battle coming in 2025 over a range of expiring tax cuts that could cost trillions of dollars to extend.
The Senate Finance Committee used a hearing Thursday to highlight the fact that Brazilian packers are producing beef from cattle raised illegally on land once made up of lush Amazon jungle, and some of the beef from those animals may end up in the U.S. market, competing with U.S.-raised product.
In a potential new milestone in agricultural biotechnology, a gene-edited tomato that’s high in antioxidants believed to fight cancer and heart disease, has cleared a key hurdle.
The Senate Finance Committee unanimously approved USDA adviser Doug McKalip to be the chief agricultural negotiator for the Office of the U.S. Trade Representative, sending the nomination to the full Senate for final approval.
The Senate Finance Committee plans to vote Sept. 7 on whether to send the nomination of USDA adviser Doug McKalip for chief agricultural trade negotiator to the full Senate for confirmation.
The Senate is beginning negotiations with the House over legislation aimed at boosting U.S. competitiveness abroad, even as there are new signs of division among senators over trade policy, including whether to fully reinstate an exclusion process on Section 301 tariffs on imports from China.
A bipartisan group of senators has rolled out an updated piece of legislation that they hope will solve price discovery issues for beef producers. But the new legislation includes language that has already elicited opposition from some of the nation's leading farm groups.
Elaine Trevino has withdrawn from the nomination process to be the next chief agricultural trade negotiator at the Office of the U.S. Trade Representative, sending the USTR back to square one in its efforts to represent America’s farmers on the international stage.
The Biden administration’s proposed Indo Pacific Economic Framework, an effort to strengthen economic ties and improve trading conditions with countries like India, the Philippines and Vietnam, got some praise during a Tuesday Senate hearing, but much of the time was spent discussing what it would not accomplish - new market access for U.S. ag.