TTC Yes, IRA No Despite French President Emmanuel Macron’s high profile State Dinner with President Joe Biden last week, modifying the Inflation Reduction Act to accommodate European concerns appears to be going nowhere. President Biden suggested the IRA could be “tweaked” to be more favorable to Europe but Politico reports that Congressional Democratic leaders are pushing back against that possibility. The issue was downgraded from a key agenda item at today’s bilateral Trade and Technology Council meeting. In fact, other U.S. tax policies that are more favorable to Europe and other countries are instead coming to the fore. For example, Section 5010 of the tax code gives a tax break for the marketing of blended or...
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...