The value of both U.S. agricultural imports and exports fell in the month of May as meat suppliers saw their production capacity tested by COVID-19, according to data from USDA's Economic Research Service and the U.S. Department of Commerce.
U.S. Trade Representative Robert Lighthizer will be the star witness at back-to-back hearings today, first with the House Ways and Means Committee and then in the afternoon with the Senate Finance Committee.
The Senate is set this week to pass a landmark land conservation bill over the objections of cattle producers, and President Donald Trump’s trade chief will face questioning by Senate and House panels.
President Donald Trump’s suggestion Tuesday that he would be willing to terminate trade deals that permit cattle imports left some aghast at the apparent threat to trade with Canada and Mexico, but U.S. Cattlemen’s Association President Brooke Miller says he’s pleased.
Commodity groups are applauding USDA for moving forward with the new $16 billion coronavirus relief program. But many groups say the payments won’t be nearly as large as they need to be and are renewing their appeals to Congress for additional funding.
President Donald Trump says the United States should look into ending trade deal provisions that allow for the imports of live cattle into the country, a remark that will surely catch the attention of North American trading partners.