Forty U.S. farm and agricultural groups have launched the Agricultural Coalition for the United-States-Mexico-Canda Agreement, underscoring the accord's vital role as an economic engine for the U.S. farm economy and calling for its renewal with targeted improvements. The group calls the USMCA (CUSMA in Canada) one of "(U.S.) President Trump's signature achievements and one that has significantly propelled the ag economy," according to Bryan Goodman, a spokesperson for the new group.
it's being treated as encouraging news by port officials, who see it as a sign of a stabilizing market and resilient demand for California's agricultural goods. 'Export strength continues to be a key driver for Oakland,' Port of Oakland Maritime Director Bryan Brandes said in a statement. 'Even as the market recalibrates, our exporters are moving goods consistently, and efficient terminal operations are supporting balanced cargo flows and reliable service for our customers.'
On Monday, Donald Trump announced that his administration will give farmers a $12 billion bailout-a tacit admission that his trade policies suck. Farmers have spent much of the last year complaining about rising production costs, falling crop prices and the loss of multiple markets due to Trump's tariffs and the trade wars they have launched. All in all, farmers are projected to lose roughly $44 billion in profits this year, in large part because of Trump administration policies.
By ELEONORE HUGHES RIO DE JANEIRO (AP) Brazilian Vice President Geraldo Alckmin said Saturday that Brazilian exported goods to the U.S. including coffee, beef and tropical fruits would still be tariffed 40%, despite President Donald Trump's decision to remove some import taxes. In a dramatic move on Friday, Trump scrapped levies announced in April on what he called Liberation Day' in hopes of encouraging domestic production and lifting the U.S. economy.
