Japan agreed Wednesday to cut or eliminate tariffs on $7.2 billion worth of U.S. ag commodities and erect new quotas under a trade deal that U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe signed Wednesday.
Some of Mexico’s highest-ranking government officials will present a proposal to the White House Wednesday on controlling border security in an effort to stop the Trump administration from turning an immigration issue into a trade war.
The biotech portion of the U.S.-Mexico-Canada Agreement is just one example of several new ag provisions that were added during the overhaul of the North American Free Trade Agreement – NAFTA 2.0 as some are calling it - over the past year of negotiations.
The successful renegotiation of the North American Free Trade Agreement could turn out to be a hollow victory for some of the largest U.S. cheese companies if the Trump administration doesn’t pull back its steel and aluminum tariffs on Mexico.
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 Trump administration wants to push food companies to use new health claims and labeling language to improve Americans' diets and also is moving ahead with an Obama-era initiative to reduce sodium consumption.