Argentina, in yet another show of good will towards the U.S., has offered to lift its longstanding ban on U.S. beef as negotiators for the two countries look for ways to bring down another trade barrier. Argentina’s ambassador to the U.S. visited USDA this week to discuss the process for lifting the ban, Argentine government officials told Agri-Pulse.
The retaliatory tariffs imposed by China on imports of U.S. fruits and tree nuts will hurt American producers, but the pain will be eased by increased demand from a surging middle class in the world’s most populous country, according to a RaboResearch report.
The Trump administration remains adamant that Canada shut down its Class 7 milk pricing program as part of an overall deal to rewrite the North American Free Trade Agreement, USDA Secretary Sonny Perdue told reporters today.
NAFTA talks between the U.S. and Canada broke off Friday afternoon with no agreement on how the 24-year-old trade pact will be structured in the future, and whether a revised agreement will include Canada at all, or just be a bilateral pact with Mexico. The U.S. said the talks will continue Wednesday.
The trade deal struck Monday with Mexico is a major respite for the U.S. agriculture sector after enduring one trade disruption after another. But the Trump administration has a long way to go to restore any semblance of normality to the international marketplace that farmers and ranchers increasingly depend on to sell their crops.
The Department of Agriculture may have addressed many of the lingering questions about its trade assistance package with a Monday announcement detailing many of the relevant figures, but inquiring producers are still wondering how many aspects of the plan will be sorted out.