WTF Trade Policy USTR Katherine Tai spoke to other leaders at the World Economic Forum this week and made the following comments:
Rather than seeking a return to the pre-pandemic global trading system, the goal should be to create a better one that reflects President Biden’s “worker-centric” trade policy. I think that it is time for us to acknowledge that our goal really shouldn't be to try to go back to the way the world was, say in 2019, but to take lessons, very hard-earned lessons, very painful lessons that we have experienced over the past two years and take this opportunity to build toward something that is different and better. This really is an opportunity and a time to think and act boldly. A global w...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
