It’s tariff day! President Trump followed through on his plan to impose tariffs on various imported products across the economy. At 12:01 a.m. EST today, 25 percent tariffs on Canadian and Mexican goods and an additional 10 percent tariff on Canadian energy products went into effect. President Trump also amended an Executive Order to raise the existing tariff on Chinese goods to 20 percent from 10 percent, citing China’s failure to take adequate measures to reduce the flow of synthetic opioids into the U.S. China: The tariff increase drew a response from China. The Council announced new 15 percent duties on U.S. chicken, wheat, corn, and cotton, set to begin Monday. Sorghum, soybeans, pork, beef, aquatic products, fr...
What You Need to Know Today: The Trump administration announced new tariffs of 10 percent to 12.5 percent on imports from 60 major U.S. trading partners as part of a Section 301 action aimed at combating forced labor in global supply chains. Countries that have agreed to adopt and enforce bans...
Key Takeaways: Grain futures pulled back sharply in overnight trade Friday on rumors that Ukraine proposed two possible options for ensuring civilian vessel safety in the Black Sea. Both Russia and Ukraine have recently targeted civilian vessels carrying oil and grain in the Sea of Azov...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.