Policy Snippets
U.S. Agricultural Trade Ambassador Doug McKalip says the goal is sustainability initiatives in the Indo-Pacific Economic Framework that do not prompt the creation of non-tariff trade barriers. Good luck with that, especially since the Biden Administration has already indicated openness to considering a border carbon measure.
Still smarting over Europe’s anger about the Inflation Reduction Act, the Biden Administration is giving Brussels assurances that it will seek lower adverse impacts from AD/CVD duties on Spanish olives.
Diplomatic Differences Singaporean Ambassador Ashok Kumar Mirpuri this week in Washington said, “We were honest with the Administration that market access would attract m...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
