China’s decision to scrap its anti-dumping and countervailing duty cases and a 179 percent tariff on U.S. sorghum has energized U.S. industry officials who hope it’s a sign that U.S.-Chinese trade relations are improving.
Until recently, the top negotiators for the U.S., Mexico and Canada were working “intensely” to finish up a deal for a new North American Free Trade Agreement, but activity has dwindled to a near standstill and pessimism has replaced those high hopes for a speedy conclusion.
The fate of the North American Free Trade Agreement remains uncertain and a trade war with China continues to loom heavy over rural America, but the long-term forecast for U.S. soybean exports remains bullish, propped up by optimistic forecasts from the USDA.
You won’t find any tourists in the muddy, mosquito-ridden town of Barcarena in Brazil’s state of Pará, but you can’t miss the almost constant parade of trucks pulling in and out of port facilities under the scorching sun or torrential rainfall on the country’s northern coast.
A crisis is looming for the World Trade Organization’s dispute resolution system as the Trump administration presses the international body to reform its ways and the U.S. ag sector could be a casualty in the coming showdown.
Brazil, known and often reviled in the U.S. ag sector for its successful World Trade Organization challenge to U.S. cotton support programs, is now suspected breaking WTO rules by subsidizing its rice exports.