419 Scam After meeting with Nigerian President Muhammadu Buhari yesterday, President Donald Trump said with confidence that Africa’s most populace country will “rip down” its barriers to U.S. agricultural exports. The boast seems highly unlikely to come to fruition for several reasons:
Nigeria’s tariffs are harmonized with the 15-member Economic Community of West African States. While Nigeria applies an average duty of 15.5 percent on agricultural imports, a 35 percent duty is permitted on items that the government wants to protect. Nigerian domestic politics exerts a great deal of influence in favor of import protection (poultry, pork, beef, vegetable oil, etc.).
President Buhari offered up an advance payme...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
