Senator Charles Schumer is going to bat for American dairy farmers when it comes to renegotiating NAFTA and he believes Canada is putting up a “Dairy Wall” with its policies upending the global dairy market.
Canada’s Saputo Inc said on Monday it is discussing plans to sell a milk plant in Victoria state to address concerns from Australia’s competition watchdog about its buyout of Murray Goulburn Co-operative.
Throughout U.S. farm country tariffs on steel and aluminum imports are boosting costs for equipment and infrastructure and causing some farmers and agricultural firms to scrap purchases and expansion plans.
Australia’s competition regulator has raised concerns about a planned $1.0 billion takeover of Murray Goulburn by Canada’s Saputo, threatening a deal Australia’s largest dairy processor says is key to its survival.
U.S. President Trump said last week he would reconsider joining the landmark Trans-Pacific Partnership (TPP) trade agreement, if it were a “substantially better” deal than the one offered to President Obama.
Saputo won approval from Australia’s competition regulator for the planned $1 billion takeover of the country’s largest dairy processor, Murray Goulburn Co-op, after the Canadian company agreed to sell a key asset.
Chinese state media on Monday praised a significant dialing back of trade tension with the United States, saying China had stood its ground and the two countries had huge potential for win-win business cooperation.