House Speaker Nancy Pelosi is supposed to talk to Treasury Secretary Steven Mnuchin again today about a new coronavirus relief package. Staff work “will continue around the clock,” a Pelosi spokesman said.
A World Trade Organization arbitrator on Tuesday awarded the European Union the right to hit the U.S. with tariffs on roughly $4 billion worth of U.S. goods – including some ag commodities – in retaliation for subsidies provided to Boeing. The next step is for the EU to ask the WTO's Dispute Settlement Body for final authorization to impose the tariffs.
Farmers are still struggling to deal with the COVID-19 pandemic. So, nearly 170 farm groups are calling for federal help in getting personal protective equipment and COVID-19 testing resources for farmworkers “as we continue to promote the health and safety of our farm employees and rural communities.”
U.S. Trade Representative Robert Lighthizer recently called the World Trade Organization “a mess,” but some of the largest U.S. agricultural groups and companies are speaking out in a new letter to stress the importance of the WTO to American farmers.
Farm groups are worried that USDA is close to running out of money to make farm bill payments that are due next month and are pleading with Congress to replenish the department’s Commodity Credit Corp. account.
The Trump administration is handing out so much money to farmers that the United States will blow through its spending limit under World Trade Organization rules for 2019 and likely 2020, potentially exposing U.S. farm programs to legal challenges, according to a new analysis.
The U.S. and China are set to go head to head at the World Trade Organization in Geneva next week in a brewing battle over Chinese wheat and rice subsidies, and neither side is showing any sign of backing down.