The European Union looking to mend fences with the Trump administration could have a major impact on agriculture, as the U.S. looks for a win with one of its trading partners. The EU/U.S. trade front is one that Canadians should pay particularly close attention to as we already have preferential market access over the U.S.... Read More
Category: Trade
When it comes to making heads or tails on tariff trouble in India, Chuck Penner, with Leftfield Commodities, says that while the news isn't good, it's not all bleak. The tariffs and restrictions are set to continue long into harvest, Penner explains, as he breaks down each class and tariff level by crop type (and... Read More
Tuesday morning began with United States President Donald Trump tweeting about trade and his desire to punish unfair trade partners with tariffs. The U.S. strategy on trade has been to use a big stick with Canada, Mexico, the EU and China. Tariffs are the greatest! Either a country which has treated the United States unfairly... Read More
Agriculture ministers from across the country were hosted by B.C. Agriculture Minister Lana Popham in Vancouver on Thursday and Friday. The topics discussed at the annual ministerial get-together included trade, business risk management, labour, and the legalization of cannabis. Here's a summary of what was discussed at the meeting: Trade The ministers received an update... Read More
Despite what Chinese government officials say, most market analysts and traders believe China will need to buy soybeans from the U.S. this year, even if it means paying a 25 per cent tariff. "The question is not whether China is eventually going to have to buy U.S. soybeans. I think we all agree they have... Read More
July 1, 2018 has been referred to as a pivotal day in the NAFTA 2.0 drama for months, and the implementation of the $16.6 billion retaliatory tariffs were not the biggest story. Instead, the date marks the Mexican election where favourite Andres Manuel Lopez Obrador (AMLO) was victorious as the next president of Mexico. How... Read More
Canada's retaliatory tariffs against the United States — worth $16.6 billion — will clearly come at a cost, not only to the American economy, but also the Canadian economy. Despite the likely economic fallout from this trade spat, both sides in this dispute are talking about being disciplined and patient and trying to take a... Read More
Ranchers around Riding Mountain National Park in Manitoba reached a long-awaited milestone on Sunday, more than 20 years after the U.S. implemented bovine tuberculosis (TB) testing requirements and restrictions on cattle headed south. The U.S. Department of Agriculture has lifted the pre-export testing requirement for breeding cattle and bison coming from Manitoba, as of July... Read More
In a statement that some people will consider a surprise, Quebec Premier Philippe Couillard mentioned to Bloomberg that Canada may want to consider appeasing the U.S. by changing its class 7 pricing system. According to a story in the Financial Post the Premier said, “If that’s the main issue, let us see how we can... Read More
Nobody can light a fire under an issue like President Donald Trump, even if he openly admits he doesn't understand it. Speaking in Fargo, North Dakota, on Wednesday night, the president was given some speaking points on the issue of how U.S. wheat is graded in Canada — one of the few agriculture trade irritants... Read More