The possible loss of trade with Mexico and China could result in a $1.154/cwt loss to dairy farmers in the U.S. totaling $2.77 billion in annual losses.
With talk of another interest rate hike this week, U.S. Farm Report recently sat down with three ag lenders to talk about how operations can plan around possible interest rate hikes in the future.
Canada’s Minister of Agriculture, Mexico’s Secretary of Agriculture joined Perdue and took questions from the audience. They didn’t have many answers when asked when steel and aluminum tariffs may be lifted.
The threat of new tariffs placed on Mexico has dairy group leaders worried about the impacts to trade with one of the U.S. dairy industry’s largest partners.
A deal on a new NAFTA is close at hand but talks to arrive at a finishing point are not easy, top Mexican officials said on Thursday as ministers met in Washington for a third successive day.
With only two years worn from Trump’s White House heels, the Manhattan billionaire’s waltz with farmers has shifted to a foxtrot, jumped to a blistering quickstep and now skirts the edge of a raucous trade mosh pit.
Dairy organizations and cooperatives in the U.S. approve of the latest developments in the U.S.-Mexico-Canada Agreement. Canadian farmers aren’t expressing the same sentiments.
President Donald Trump said he would soon tell Congress of plans to terminate the existing North American Free Trade Agreement, a move that would give lawmakers a six-month window to ratify a new regional trade pact.
Shutting down access to the U.S.-Mexico border could impact a relationship between the largest buyer of dairy exports which has two dairy cooperatives concerned.
President Donald Trump said the U.S. won’t lower tariffs on steel and aluminum from Mexico and Canada unless the two countries agree to a revamped Nafta that’s fair to the U.S.
While still negotiating with Canada and the US, Mexico scored a separate victory over the weekend with a deal in principle to update a 17-year-old free-trade agreement with the European Union.
The U.S.-Mexico-Canada Agreement (USMCA) is expected to be officially signed Friday, but Mexico first wants the U.S. to lift its metals tariffs, says Jim Wiesemeyer of Pro Farmer.
President Donald Trump said there’s a “good chance” the U.S. will reach agreement to avert imposing trade tariffs on Mexico and that the deal would require the country to buy more U.S. agricultural products.
