The U.S. is staking out policy positions that will further shake up global trade policy. The latest from U.S. Trade Representative Robert Lighthizer includes:
American withdrawal from OECD efforts to negotiate a common taxing structure on digital service companies.
A reexamination of the nonreciprocal Generalized System of Preferences (GSP) program.
Indifference and possible opposition to any resuscitation of the WTO’s dispute settlement appellate body.
Countries have already moved forward unilaterally with their own taxes on digital services and more will now likely join the revenue raids on such rich corporations. This will spark tariff retaliation by the Trump Administration, only this time they may invoke count...
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...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
