Friday, November 16, 2018

International News/Trade

Updated TPP to Take Effect This Year

The Trans-Pacific-Partnership replacement that does not include the United States will take effect at the end of this year. Australia and Canada filed ratification documents this week for the Comprehensive and Progressive Agreement for...

Trump Administration Plans Hearing on Trade with Japan

The Trump administration will hold a hearing in December to help craft negotiating objectives for a trade deal between the U.S. and Japan. A recent Federal Register notice seeks public comment with a deadline...

Steel and Aluminum Tariffs Cancel Benefits of USMCA

Steel and aluminum tariffs by the U.S. will hurt agriculture more than NAFTA 2.0 will help. The updated North American Free Trade Agreement, known as the U.S.-Mexico-Canada Agreement, would grow U.S. agricultural exports by...

Retaliatory Tariffs will Negate USMCA Export Gains

Market access improvements included in the United States-Mexico-Canada Agreement (USMCA) will lead to an expansion of U.S. agricultural exports by $450 million, mostly in the dairy and poultry sectors, according to a new analysis...

U.S. Planning Another Round of China Tariffs

The United States is readying more tariffs against China if there is no positive momentum following a meeting between President Trump and China’s President Xi Jinping. Bloomberg News reports the new round will be...

Canada Willing to Stall Trade Deal with China until China is More Reasonable

Canada is willing to stall a potential trade deal with China until China starts behaving better, according to CBC News. Canada’s ambassador to China says a trade pact doesn’t seem likely to be reached...

Tariffs to Change U.S. Crop Plantings

The trade war between the U.S. and China is likely to shift U.S. soybean plantings to corn. For the first time in three decades, U.S. farmers planted more soybeans than corn in 2018. However,...

China Trade War Not Ending Soon

The trade war between China and the U.S. will not be ending soon. President Donald Trump recently told Agri-Pulse that “you’ve got to have a little time,” referring to when trade relations may return...

USMCA a Framework for Future Trade Deals

A White House adviser says the U.S.-Mexico-Canada Agreement is a model for future trade agreements. USMCA will replace the North American Free Trade Agreement if approved. Kevin Hassett, chairman of the White House Council...

U.S. Seeking Trade Agreements with Japan, EU, UK

The U.S. formally announced it will seek trade agreements with Japan, the European Union and the United Kingdom. U.S. Trade Representative Robert Lighthizer announced this week that the U.S. will seek to negotiate three...

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