World Perspectives

Policy Potpourri

Following is an end-of-the-week roundup on some percolating policy matters: Steel Tariffs: President Trump signed the steel and aluminum tariff order yesterday. However, Mexico and Canada were exempted to allow the NAFTA renegotiations to continue. The EU has already drafted a retaliation list that includes some non-major but politically important products: peanut butter, impacting top peanut state and home to USDA Secretary Sonny Perdue; bourbon, which comes from Senate Majority Leader Mitch McConnell’s home state of Kentucky; and cranberries, a key product of House Speaker Paul Ryan’s home state of Wisconsin. It also targets two non-ag iconic American products, Harley Davidson motorcycles (also from Ryan’s Wisconsin) an...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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