Trade Programs Renewal: Trade promoting Republicans want to use their new majority in the U.S. House to push through renewal of the Generalized Systems of Preferences and a Miscellaneous Tariff Bill. India raised its desire to have renewed GSP benefits at this week’s 13th U.S.-India Trade Policy Forum. International Data Body: Japan will use its presidency of the G7 this year to push forward the creation of a permanent digital governance body. The goal is to have a free flow of trusted data. Industrial Policy: Europe is getting closer to responding to the U.S. Inflation Reduction Act and protecting its own auto makers by starting its own industrial strategy and subsidies. This is not new to the transatlantic with Boeing...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
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...
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.