Many of Donald Trump’s biggest supporters live in rural America, where it’s not unusual to see Trump flags flying high, along with caps and bumper stickers boasting his signature “Make America Great Again” campaign theme. But his actions on trade, are making farmers and ranchers increasingly nervous.
Mexico’s new 350,000-metric-ton quota for tariff-free pork imports is full, and none of that meat will likely be provided by U.S. producers, according to officials at USDA’s Foreign Agricultural Service. The quota was briefly seen as a potential lifeline for U.S. pork exporters, who were hit last week by Mexico with a 10 percent tariff that increases to 20 percent on July 5.
Cheese will probably be the commodity most directly affected by the tariffs Mexico is imposing on U.S. commodities in response to U.S. levies on steel and aluminum. That’s the gist of a new report by Rabobank dairy analyst Tom Bailey.
The Senate Agriculture Committee’s draft farm bill would make additional improvements for dairy producers and the Agriculture Risk Coverage program while expanding the Conservation Reserve Program and renewing a research foundation and other popular programs that are slated to run out of money when the current farm bill expires.
Trade was a major topic at this year’s World Pork Expo in Des Moines, Iowa, where USDA Undersecretary Greg Ibach and Gregg Doud, chief agriculture negotiator for the Office of the U.S. Trade Representative, were among the speakers. But other topics, including a Foot and Mouth Disease vaccine bank, were up for discussion.