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Shining Light on Farm & Food Policy for 20 Years.
Sunday, December 29, 2024
The retaliatory duties imposed on U.S. farm exports as a result of the Trump administration's tariffs cost the American ag sector $27 billion from mid-2018 through 2019, according to a new analysis by USDA's Economic Research Service.
The European Union has agreed to lift retaliatory tariffs on U.S. exports in exchange for getting tariff-free access for some steel and aluminum shipments to America, the Biden administration announced on Saturday.
The Biden administration wants a better trade remedy than the nearly 60-year-old Section 232 tariffs that the Trump administration enacted to counter imports of foreign steel and aluminum, U.S. Trade Representative Katherine Tai told lawmakers Wednesday.
U.S. Trade Representative Katherine Tai promised lawmakers Wednesday that work has begun to work out trade disputes with the European Union and the UK to create what President Joe Biden calls “a united front of U.S. allies,” but she largely left questions about China unanswered as the U.S. continues to study the situation.
The Trump administration continues to argue that it can use the threat of auto tariffs as a tool in negotiating trade agreements, but House Democrats are demanding that the Commerce Department report that supposedly justifies the threat be released publicly.
Legislators may get their chance this fall to take back some of the authority on tariffs they gave away more than 50 years ago while also handing a rebuke to President Donald Trump.
The U.S. has agreed to lift its steel and aluminum tariffs on Canada and Mexico, removing major obstacles for ratification of the renegotiated North American free trade pact by all three countries.
The U.S., Canada and Mexico are getting close to a deal to lift U.S. steel and aluminum tariffs on its North American allies, clearing the way for ratification of a new trade pact for the three countries, says U.S. Treasury Secretary Steven Mnuchin.
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.
