The Biden Administration is trying to shore up support for its trade policy ahead of next year’s election, but some are not buying it. National Security Advisor Jake Sullivan gave a long rambling speech on the topic last week but former USTR economist and now Progressive Policy Institute (PPI) trade specialist Ed Gresser mocked significant parts of it. He lauded Sullivan’s remarks on China but cautioned that, “Some other sections don’t hold up so well. The lengthier passage on trade policy in fact mixes eccentric history with jumbled policy arguments and ends with puzzlement about where the administration really wants to go.” He characterized the trade policy comments as a “study in breezy mis-summarizat...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.