The Trump tariff plans are still unfolding with almost daily changes. However, on a positive note, the latest news is that China and the U.S. have reached a framework agreement prior to President Trump and President Xi meeting on Thursday in Korea at the end of Trump’s Asia tour. China’s top trade negotiator, Li Chenggang, told reporters the two sides had reached a “preliminary consensus," while Trump's treasury secretary, Scott Bessent, said there was “a very successful framework." Trump himself said the Chinese "want to make a deal and we want to make a deal.” Bessent told CBS’ “Face the Nation” on Sunday that the threat of additional higher tariffs on China was “effectively off...
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.