Republican and Democratic senators let loose Wednesday with scathing criticism for President Donald Trump’s escalating tariffs and tariff threats that are attracting retaliation from around the globe.
Commerce Secretary Wilbur Ross tried to defend the tariffs at a Senate hearing, but most of the lawmakers appeared not to be swayed.
Pork exports were a hot topic at the World Meat Congress for both the challenges ahead in a very uncertain trade environment and growing opportunities as global consumers demand more protein and innovative food products.
The Trump administration’s insistence that Canada agree to add a five-year sunset clause to the North American Free Trade Agreement dashed the potential for a high-level meeting in Washington that could have resulted in a final deal, Canadian Prime Minister Justin Trudeau said on Thursday.
President Donald Trump announced today the U.S. is hitting Canada, Mexico and the European Union with steel and aluminum tariffs, putting the fate of the North American Free Trade Agreement into further uncertainty and exposing U.S. farmers and ranchers to retaliation.
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.
When Japan was asked if it wanted fries to go with recent free trade agreements, it said yes. Unfortunately for U.S. potato farmers and processors, those fries will come mostly from Canadian and Belgian spuds.
The U.S., Canada and Mexico announced progress today at the conclusion of the seventh round of North American Free Trade Agreement talks in Mexico City, but it was the U.S. plan to levy steep tariffs on steel and aluminum imports that took center stage.
The Trump administration this week finalizes hefty steel and aluminum tariffs that have farm groups bracing from retaliatory trade actions, and the president also is pushing forward to address complaints by refiners about the cost of complying with federal biofuel mandates.