Wine Institute Please with U.S.-Canada Trade Talks and China Comes to Talk Trade
From the Ag Information Network, this is your Agribusiness Update.
**Wine Institute President and CEO Robert Koch is pleased with recent progress in U.S.–Canada trade negotiations, and
Canadian Prime Minister Carney’s announcement that Canada will remove all tariffs on U.S. goods covered under the USMCA, including wine.
Since March, wine, beer and spirits have been the only U.S. products completely barred from being sold in Canada.
Before that, Canada accounted for 35% of U.S. wine exports, with a retail value of over $1.1 billion.
www.morningagclips.com/wine-institute-applauds-progress-in-us-canada-trade-negotiations/
**Since May, the U.S. has advanced multiple trade agreements and frameworks that directly affect agriculture.
The trade deals include the Philippines, Indonesia, Vietnam, United Kingdon, the E.U., and Japan.
These deals all matter thanks to things like market expansion with new and more predictable export opportunities, especially in U.S. feed grains, poultry, dairy, biofuels, and specialty crops.
They also improve investment risks for exporters amid rising global competition.
**The Senior Chinese trade negotiator Li Chenggang, is expected to be in Washington, D.C., to meet with U.S. officials and try moving their current tariff truce forward.
Reuters says traders everywhere will be watching to see if the current tariff extension becomes permanent, or if President Trump again upends global supply chains with another round of high duties on Chinese imports.
China’s Ambassador says U.S. protectionism is rampant and damaging U.S.-China agricultural cooperation.
