More Funding and Tariff Relief and USMCA Importance
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update
**President Trump will seek funding for the war in Iran, while Republican lawmakers debate whether to attach wildfire aid and $15 billion in tariff relief for farmers.
E&E News reports no decision had yet been made, and House Republicans are particularly cautious about the package growing too large.
Bloomberg reports Senate Republicans are feeling rising pressure from farmers for a bailout to offset quickly rising fuel and fertilizer prices.
**Leaders from the agriculture, manufacturing, and technology sectors met in Washington to highlight the importance of renewing the U.S.-Mexico-Canada Agreement as it approaches the formal review period.
The discussion was co-hosted by the National Corn Growers Association and the National Foreign Trade Council.
Speakers from the agriculture and manufacturing sectors pointed out the agreement has strengthened North American trade and created greater certainty for businesses across many sectors.
**U.S. and Chinese economic officials held what were called “remarkably stable” talks in Paris last weekend.
Reuters says the Chinese side showed willingness toward buying more U.S. agricultural goods, including poultry, beef, and non-soybean row crops, adding China is still committed to buying 25 million tons of American soybeans each of the next three years.
But the Associated Press says President Trump might delay his visit to China to increase the pressure on Beijing to help reopen the Strait of Hormuz.
