A bipartisan bill advanced by the House Agriculture Committee on Wednesday would give the Commodity Futures Trading Commission authority to keep pace with new technology as well as pursue market fraud and manipulation that takes place outside the United States.
The Trump administration is adamant that agriculture and all of the divisive policies and regulations that go along with it should be included in trade talks with the Europeans, but success could mean a long and arduous battle at a time when a trade war with China is being fought and other potentially lucrative trade pacts are being negotiated.
The European Union has agreed to assure the U.S. gets the lion’s share of its annual beef quota after months of negotiations and more than 20 years of friction over the subject of non-hormone beef trade.
Retaliation from around the world to U.S. steel and aluminum tariffs is still hitting farmers and ranchers here hard, but the pain could get a lot worse if President Donald Trump follows through with threats to impose new import taxes on cars and car parts.
America’s farmers and ranchers are eager for a U.S. free trade agreement with the U.K., but only if the British are willing to eventually make a clean break from the European Union and all of its restrictions that hamper or block U.S. farm commodities.