Loving Protectionism Market access barriers protect domestic workers and that is why they are so difficult to get rid of, even when they are wrong. U.S. Commerce Secretary Gina Raimondo admitted this week that the Biden Administration cannot remove Section 232 duties from EU steel and aluminum because that action might impact some American jobs. The truth is, the tariffs are already impacting American jobs and in a negative way. Just ask the makers of bourbon whisky, motorcycles and other goods still subject to EU retaliatory duties. Based on her metric, these “national security” duties can never go away. Something or Everything at MC12 WTO General Council Chair Dacio Castillo is advising the organization’s member...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.