Today was the deadline for announcing intentions regarding renewal of the U.S.-Mexico-Canada Agreement (USMCA); the U.S. will not renew the USMCA, according to U.S. Trade Representative Jamieson Greer. President Trump will instead pursue separate bilateral trade deals with Canada and Mexico lasting up to 10 years. Both Canada and Mexico had pressed for a full 16-year extension. They did not get it. Trump has floated withdrawing from the deal entirely, and USTR Greer gave no signal of a commitment to an extension ahead of the virtual trilateral meeting marking six years since the USMCA entered into force in 2020. Under the agreement's terms, failure to confirm an extension shifts the three countries into a cycle of annual reviews for 10 year...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.