Brazilian President Jair Bolsonaro and U.S. President Donald Trump are both keen on strengthening the ties between their respective countries, but a comprehensive trade pact isn’t likely in the near future because of Democratic opposition, says U.S. Trade Representative Robert Lighthizer.
Treasury Secretary Steven Mnuchin and Speaker of the House Nancy Pelosi are expected to meet again today to continue talks over a new coronavirus stimulus package, but it will be “difficult” to finish before the election, Mnuchin said Wednesday.
The U.S. and Brazil have not yet reached a deal on U.S. demands to be able to sell the country more ethanol, but the Brazilian government is making clear what it is demanding in return, according to sources in both countries. Brazil wants more access to the lucrative and tightly guarded U.S. sugar market.
The U.S. and Brazil have agreed to revive for 90 days the expired tariff rate quota that allows some U.S. ethanol to flow to the South American country duty free, the two countries said in a joint statement Friday night.
A collection of the nation’s biofuel producers are calling on President Donald Trump to reject a collection of Small Refinery Exemptions from the Renewable Fuel Standard currently under consideration by the Environmental Protection Agency.
A Wisconsin dairy farmer, a Maine lobsterman and others provided first-hand testimonials as Republicans sought to put a spotlight on President Donald Trump’s trade policy and overall handling of the economy.