It was another day of market turmoil over tariffs. There is still not enough clarity or transition time for businesses. The high tariffs between the U.S. and China seem likely to be permanent. The public will only accept the high cost of this war if they understand and accept its goals. History is not kind on this score. Christopher Irons notes that four previous presidents raised tariffs (John Quincy Adams, 1828); John Tyler, 1842; Benjamin Harrison, 1890; and Herbert Hoover, 1930) and "...each of those earlier presidents and their parties lost subsequent elections, and their tariff policies were repealed." Economist Craig Pirrong says China is the sole focus of Trump’s trade war, and that the tariffs are not fit for purp...
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...
From WPI Consulting
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.