Trade

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U.S. Trade Representative Robert Lighthizer on Friday sent official notice to Congress that the U.S.-Mexico-Canada Agreement will be ready for implementation on July 1, the final step in the long process that will ensure that most agricultural tariffs between the three countries remain at zero.

USDA reports released Thursday show China has purchased another 1,400 metric tons of U.S. beef and 272,000 tons of U.S. soybeans, demonstrating importers are successfully getting exemptions to the country’s tariffs.

Expectations for U.S. beef exports to China this year are being tempered by the COVID-19 pandemic, but shipments have already begun and they’re expected to continue strong despite the spread of the virus.

Thirty-five U.S. grain origination elevators along the Mississippi River, owned by Bunge North America Inc., are about to change hands.

Chinese importers purchased 1,500 metric tons of U.S. beef earlier this month, evidence that the “phase one” trade deal is already resulting in new export opportunities for the U.S., according to new data from USDA.

The world textile industry is being hit hard as retail stores shutter around the world amid the COVID-19 pandemic and the pain is being felt all the way to American cotton fields.

U.S. Trade Representative Robert Lighthizer is making it clear to Brazil that the U.S. is serious about strengthening trade and economic ties between the two countries whose leaders appear to be fond of each other.

Demand for cotton around the world is spiraling downward during the coronavirus pandemic, causing the USDA to lower its forecast for global consumption by 6.4% - a whopping 7.6 million bales.

China has been making strides in living up to the promises it made in the “phase one” trade deal that went into effect February, but imports of U.S. ag commodities are still far below levels than many were hoping for.

Covantis SA officially receives all regulatory approvals to be incorporated as a legal entity.