Trade
“With 90% of corn acreage in the U.S. being planted to biotech seeds and Mexico being the number one purchaser of U.S. corn, I’m concerned this decree is not being met with urgency it deserves,” said Sen. Grassley.
While Mexico wants to reduce its imports of corn by 30% to 40% by 2024, Mexico’s Deputy Ag Minister Victor Suarez told reporters that it cannot replace its imports of U.S. corn for livestock feed.
Reps. Dusty Johnson and Jim Costa on Tuesday introduced the Safer Highways and Increased Performance for Interstate Trucking (SHIP IT) Act to expand the trucking workforce and offer flexibility in times of need.
U.S. officials told Mexico its approach on biotech crops are still “not grounded in science,” and will face a USMCA battle if the matter is not resolved.
If the nation’s debt hits $31.4 trillion—it’s on track to do so by this Thurs.—the Treasury will need to take “extraordinary measures” to help pay the government’s operations and ward off a historic default.
Mexico and Canada had challenged the U.S. method for calculating the regional content required under the USMCA trade pact for cars to have tariff-free access to the U.S.
Export tariffs on aluminum and aluminum alloys will be raised. The current import tariff will stay on seven types of coal until March 31, with tariffs adopted for most favored nations from April 1.
Minister Victor Villalobos said U.S. officials were satisfied with a proposal to delay a ban on the import of GMO corn until 2025, according to a published report.
Government officials asked U.S. Trade Rep. Katherine Tai to capitalize on the success of the USMCA and expand relations in the Western Hemisphere.
The Fertilizer Institute applauded the passage of the legislation, which it dubbed an “integral” component of the fertilizer distribution system.