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Shining Light on Farm & Food Policy for 20 Years.
Friday, May 17, 2024
After seeing its domestic pork production decimated by an outbreak of African Swine Fever, China is aiming to recover enough to produce 95% of its pork within its own borders.
The U.S. and the U.K. still have a lot of negotiating ahead of them, but the British will likely agree to a free trade agreement that allows for increased trade in beef, pork and poultry, says Gregg Doud, the U.S. Trade Representative’s top agriculture negotiator.
U.S. Trade Representative Robert Lighthizer recently called the World Trade Organization “a mess,” but some of the largest U.S. agricultural groups and companies are speaking out in a new letter to stress the importance of the WTO to American farmers.
South Korea, in a deal struck with the Trump administration last November, agreed to buy at least 132,304 metric tons of U.S. rice annually and the country is getting close to meeting that promise for 2020, according to U.S. government and industry officials.
President Donald Trump famously tweeted that trade wars “are good and easy to win.” It was a brash statement, but emblematic of his first term in which he either threatened or hit trade partners like China, Japan, South Korea, Mexico, Canada and the European Union with tariffs.
The European Union’s proposed overhaul of agricultural production methods is not just bad for Europe — it threatens food security in the poorest of nations that look to the EU as role model for farming and a trading partner, according to an onslaught of criticism released Monday by Trump administration officials.
Democratic congressional leaders refused to allow replenishment of a key Agriculture Department account, charging that the White House is employing it as a “political slush fund.” Senate Republicans quickly criticized the measure.
Exports of U.S. soybeans to China started off the new 2020-21 marketing year strong, and the latest USDA weekly sales data show the pace of trade is heating up.
The U.S. is willing to negotiate a new deal on organic standards with the European Union, but the outcome for an agreement in the years to come is uncertain.
A World Trade Organization panel ruled Tuesday that the U.S. broke its international commitments by circumventing the WTO dispute system and hitting China in 2018 with tariffs on $234 billion worth of its goods.
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