Smithfield Exports to Canada and Tariff Threat on EU Booze
From the Ag Information Network, this is your Agribusiness Update.
**Canadian exports from Smithfield’s Tar Heel, North Carolina facility have resumed.
Two weeks ago, Canada temporarily suspended imports from this facility following an issue with certain shipments.
The suspension came as President Trump announced temporary tariff exemptions for some Canadian and Mexican goods that are compliant under the USMCA.
However, Smithfield Foods says the suspension of shipments to Canada was unrelated to the trade negotiations.
**The nation’s largest biofuel trade association commended the EPA after it announced it would reconsider its tailpipe emissions rule for model years 2027 and Later Light-and-Medium-Duty Vehicles.
Growth Energy CEO Emily Skor says we’re glad to see EPA reconsidering this rule, which arbitrarily puts its thumb on the scale for a single vehicle technology instead of embracing homegrown renewable fuels. We look forward to working with EPA as they restructure these standards.
**President Trump has threatened 200% tariffs champagnes, wines and spirits from the EU in response to its retaliatory tariff of 50% on U.S. spirits.
On Truth Social, President Trump said he would put the tariff in place unless the EU removed the tariffs it imposed on U.S. spirits on Wednesday.
He called the tariff on bourbon “nasty” and said that this 200% levy “will be great for the Wine and Champagne businesses in the U.S.
