Same Old with China U.S. Trade Representative Katherine Tai detailed today how the Biden Administration would largely continue the status quo approach to China. Punitive tariffs will remain, the process for withdrawing some tariffs will resume, and the Biden Administration says it will directly engage with Beijing to enforce current trade deal commitments. The Phase One trade deal expires in just over two months and as in the past, Beijing is likely to come up short. American officials can brow beat their Chinese counterparts, but they cannot change a deep-rooted philosophical commitment to a state-run economy. Threats to retaliate only worsen the outlook for U.S. exporters, at the same time it will take decades to unwind American dependen...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.