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Shining Light on Farm & Food Policy for 20 Years.
Thursday, November 21, 2024
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.
The U.S.-Mexico-Canada Agreement is going to have to be torn open to add labor enforcement measures or the newly renegotiated trade pact will have no chance of ratification in the U.S., AFL-CIO President Richard Trumka said Tuesday.
The U.S. International Trade Commission (ITC) released their much-anticipated analysis of U.S.-Mexico-Canada Agreement (USMCA) yesterday, and the upshot for U.S. food and agriculture was a clear win.
The U.S.-Mexico-Canada Agreement would be an overall win for the U.S. farm sector, reforming biotechnology and phytosanitary standards, but it would also allow for only “slight increases” in exports of some U.S. agricultural commodities, according to a 379-page analysis released today by the U.S. International Trade Commission.
The renegotiated North American trade pact is popular in the U.S., Mexico and Canada, but the Trump administration and U.S. lawmakers are making ratification increasingly difficult with complications that threaten to derail the process.
If American almond, citrus, pork, apple and dairy farmers want any chance of regaining their markets in China, Mexico and Canada, U.S. steel and aluminum tariffs will likely have to be lifted. The problem, however, is the threat of cheap foreign metal flooding the U.S. market is now as high as ever.
The Trump administration, seeking to gain support for the U.S.-Mexico-Canada Agreement from apprehensive House Democrats, sent its chief trade advisor to Capitol Hill Wednesday morning to try to sell the pact and address lawmakers’ concerns.
The House of Representatives is awash with new lawmakers. They’ve only been on the job for a few months but could present a formidable obstacle for the Trump administration as it pushes for approval of the U.S.-Mexico-Canada Agreement.
While acknowledging that “it’s tough out there,” Agriculture Secretary Sonny Perdue assured producers at Commodity Classic on Friday that there are reasons to be optimistic about the farm economy.
