A Look at Trump Admin Trade and Regulatory Policies

February 13, 2017 11:59 AM
 
 

President Donald Trump has been in office for less than a month, and agriculture is getting a better sense of the administration’s trade and regulatory policies.

Regulations and trade won’t be business as usual under the Trump administration. The president started with his campaign promise to scrap the Trans Pacific Partnership (TPP), which was a real disappointment to agriculture.

“We are losing $400,000 each and every day we don’t have that trade agreement and that’s because Australia has taken away our market access into Japan because their tariff is lower than ours,” said Colin Woodall, vice president of government affairs for the National Cattlemen’s Beef Association (NCBA).

President Trump has already started renegotiating the North American Free Trade Agreement (NAFTA) and the pork and corn industries are keeping a watchful eye.

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Comments

 
Spell Check

Craig
Kearney, NE
2/14/2017 11:32 AM
 

  Please ask Colin Woodall how much Canada's BSE cow in 2003, misidentified as ours, has cost AMERICAN cattlemen due to market closures. I'll bet it's way more than this $400,000/day that he is lying about the lack of TPP costing us. In 19 of the last 24 years, we have imported more beef than we have exported. What has "free" trade really done for American producers?

 
 
C.K
bad axe, MI
2/14/2017 07:27 AM
 

  What I don't understand how the average American citizen doesn't understand that there in a no win situation. When you print fiat currency to sustain the U.S. economy you price yourself rite out of the market. That's why all the jobs left you could produce it overseas for half the cost. The farmer doesn't understand there's an exchange rate on all the other world currencies against the dollar that makes are products to high to buy. At $3.50 per bushel for corn at 14 billion bushels a year , our corn crop is worth 49 billion it would take 1400 years to pay off the credit that's owed buy the U.S.A people. It's 68 trillion . You will never ever trade your way to prosperity in this country again unless you deal with the debt we all contributed to rack up.

 
 

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