Terrible Trade Negotiators Donald Trump’s accusation about the trade negotiators from past administrations was that they were terrible. However, the evidence is not stacking up very well for his own negotiators. Consider the following:
Canada and the EU reached a bilateral trade agreement in which Ottawa recognized Europe’s geographic indicators that are strongly opposed by U.S. agricultural producers. Japan negotiated a bilateral trade agreement with Mexico but refuses to negotiate one with the U.S. The EU isn’t negotiating a trade agreement with the U.S., but it did complete a bilateral agreement with Mexico in which 99 percent of products will be duty-free, including 98 percent upon entry into force. Mexico City a...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
