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Shining Light on Farm & Food Policy for 20 Years.
Wednesday, January 15, 2025
This is the first of a three-part series on the impact of U.S. agricultural exports on the U.S. exports and the risks and promise for ag trade going forward. U.S. ag trade sustains jobs up and down the supply chain. USDA estimates that every $1 billion in exports supports more than 6,300 jobs throughout the economy.
Ngozi Okonjo-Iweala will serve a second term as director-general of the World Trade Organization beginning next year. The Biden administration had expressed concern over the expedited election process.
President-elect Donald Trump is setting up a cabinet of unusually diverse views and backgrounds that together could have a far-reaching impact on the food and agriculture sectors. Farm groups will be counting on his pick to lead USDA, Brooke Rollins, to be an advocate for ag within an administration. North Dakota Gov. Doug Burgum could be a key ally on energy policy.
President-elect Donald Trump’s latest tariff announcement, if implemented, could raise farm input costs and dent U.S. agriculture exports, but analysts say he could cut deals to prevent some of the tariffs from materializing.
Jamieson Greer, an Air Force veteran and international trade lawyer, has been selected to serve as U.S. trade representative, the Trump transition said on Tuesday.
The Agriculture Department projects that the U.S. agricultural trade deficit will widen this fiscal year to $45.5 billion, an increase on the previous estimate as imports grow faster than expected.