After more than 20 years of consternation, negotiation, conciliation and disappointment, the U.S. and European Union are now set to begin another round of talks on allowing the EU’s 28 nations to buy more U.S. beef.
President Donald Trump and South Korea President Moon Jae-in today signed off on the renegotiated United States–Korea Free Trade Agreement (KORUS), putting an end to concerns from the U.S. farm sector about possibly losing the six-year old pact that has spurred American agricultural exports.
International regulations that add sustainability and sourcing barriers to imported timber and biomass products are under the watchful eye of American exporters concerned about the possibility of expanding non-tariff barriers in critical export markets.
The Trump administration today announced it is levying new tariffs on $200 billion worth of Chinese goods, escalating a trade war between the two countries that has hit the U.S. agriculture sector especially hard thanks to Chinese retaliation.
Ag Secretary Sonny Perdue was adamant in his comments to reporters today that the myriad ag issues that separate the U.S. and European Union be negotiated in upcoming trade talks, but EU officials again said that wouldn’t happen.
USDA officials are scrambling to put together a presentation on an assistance program to help mitigate the tens of billions of dollars in damage that’s expected to be done to farmers and ranchers as a result of the Trump administration’s multifront trade war with China, Mexico, Canada, the European Union and elsewhere.