Trade
UPDATE: 03/02 4:23 pm-EST-There are reports a missile struck a vessel flying under the flag of Bangladesh in Ukraine.
Expect Russia’s invasion of Ukraine to dominate the State of the Union address tonight. As for issues affecting agriculture, there may be few details offered, says USDA Secretary Tom Vilsack.
The top 10 export markets all saw gains in 2021, with six of the 10 (China, Mexico, Canada, South Korea, the Philippines and Colombia) setting new records.
U.S. goods exports to China fell in December, cementing a $45 billion increase in the 2021 U.S.-China trade deficit and a major two-year shortfall in Beijing’s purchase commitments under the “Phase 1" trade deal.
The U.S. and Japan announced a deal to remove Trump-era tariffs from about 1.25 million metric tons of Japanese steel imports annually after similar access was granted to European Union steelmakers last year.
Rep. Garamendi says the USDA partnership with the Port of Oakland “isn’t going to solve the problem” because shippers deliver product to the U.S. and leave ports with empty containers.
The United States and the European Union have downgraded their dispute at the WTO over steel and aluminum tariffs applied by former U.S. President Donald Trump in 2018 and subsequent EU retaliation.
Mark Mills, senior fellow at the Manhattan Institute, recently joined Chip Flory on AgriTalk to talk about the logistics and supply chain challenges ahead for electric vehicles.
The Canadian government on Tuesday launched a challenge against American duties on Canadian softwood lumber under the terms of the USMCA trade deal, Canadian Trade Minister Mary Ng said in a statement.