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Balanced Reporting. Trusted Insights.
Wednesday, April 02, 2025
Dairy, meat, produce and other ag producers that count on getting their commodities to Asia and beyond through West Coast ports are lauding a tentative labor agreement between Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union (ILWU) that’s expected to produce a six-year labor contract.
The Japanese tariff on U.S. beef has dropped gradually from 38.5% in 2019 to 23.3% this year as a result of the three-year-old U.S.-Japan Trade Agreement, a prime example of the kind of free trade agreement the U.S. ag sector and some lawmakers say they want to see replicated.
The U.S. Meat Export Federation estimates pork volume exports rose in February by 11% to 219,729 metric tons, while value increased by 10%, compared to a year ago.
The latest international climate conference, known as COP27, kicked off Sunday in Egypt, with an expected focus on helping developing countries deal with climate change.
Lawmakers are signaling they may be ready to boost funding for ag promotion overseas, and farm groups are hungry for the dollars that they say increase foreigners' appetite for U.S.-grown food.
The Senate Agriculture Committee voted to approve Alexis Taylor to be USDA's next trade undersecretary, advancing her nomination for a full Senate vote and final approval.