USTR: Two years ago, it would have been deemed implausible but USTR Katherine Tai is now being criticized by Congressional Democrats for a lack of consultation and transparency. Congress on Trade: Bipartisan legislation has been introduced by members of the House and Senate committees overseeing trade that would wrestle back Congressional authority over trade deals. Specifically, the goal is to require Congressional approval of any agreement under the Biden Administration’s proposed U.S.-Taiwan Initiative on 21st Century Trade. It includes robust consultation and transparency provisions. Farmland: Legislation has been introduced to frustrate efforts by China and some other countries to acquire U.S. farmland. It would qua...
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
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.