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Shining Light on Farm & Food Policy for 20 Years.
Saturday, November 02, 2024
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.
Trade negotiations between the U.S. and China are likely in their final weeks, but that’s no guarantee the trade war between the two countries will end any time soon, U.S. Trade Representative Robert Lighthizer told lawmakers Tuesday.
President Donald Trump releases a fiscal 2020 budget that will push yet again for deep cuts in USDA’s budget to help offset for a steep increase in defense spending, while House Democrats set the stage for revising expired biofuel tax incentives.
Traders saw very few if any surprises in USDA’s World Agriculture Supply and Demand Report released Friday and will eye weather as the next potential market mover.
China may agree to buy more U.S. agriculture commodities and lift onerous trade barriers in the ongoing talks, but unless negotiators can agree on an effective way to make sure the Chinese live up to their promises, any final deal would be worthless.
Retaliation from around the world to U.S. steel and aluminum tariffs is still hitting farmers and ranchers here hard, but the pain could get a lot worse if President Donald Trump follows through with threats to impose new import taxes on cars and car parts.
Drug smugglers keep looking for unique ways to transport drugs across our southern border, but U.S. Customs and Border Protection officers have successfully uncovered recent attempts to pack drugs along with strawberries and avocados coming in from Mexico.
With President Donald Trump having dropped the threat for now of expanded tariffs, U.S. and Chinese negotiators continue work on details of an agreement that he and Chinese President Xi Jinping could potentially seal later this month in Florida.
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.
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