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Tag Archives international trade — page 14

close up shot of word usmca
News

Editorial: A trade deal that needed to be done

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Canada’s supply management system will go on, despite some cursory efforts by Americans to get rid of it during the recent North American trade talks. This should be the last trade agreement that Canadian supply managed sectors need to worry about. After Europe, Asia and Oceania and the United States, there aren’t many other dairy […] Read more
News

Opinion: Agriculture needs to fight new age of trade protectionism

The Canadian government should apply a ‘trade lens’ to its policies across departments

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The world has entered a new age of nationalism, resulting in growing trade protectionism and increasing barriers for Canadian farmers and exporters who depend on international markets. The idea that trade is about winning or losing is dangerous and misleading. This idea ignores the world’s growth over the last 75 years and the disastrous outcomes […] Read more
Most hogs in Canada are sold under contract, but the contract price is underpinned by the American price of pigs.
Livestock, Markets

Can Canada break away from U.S. livestock pricing?

Canadian prices have plunged in concert with the U.S. market’s response to that country’s disruptive trade agenda. Some are asking whether Canada can decouple to a pricing mechanism more closely tied to global fundamentals

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Pork, beef and other meat prices in Canada have been driven down over the past two months to where farmers are losing money on most animals they ship. The decline is mostly driven by tariffs placed on U.S. pork by China and Mexico in retaliation for American tariffs on steel and aluminum. Canadian pricing is […] Read more
China says U.S. trying to force it to submit on trade
Markets/Business, News

China says U.S. trying to force it to submit on trade

Another $200 billion in tariffs went into effect Sept. 24

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Beijing | Reuters – The United States and China imposed fresh tariffs on each other’s goods Sept. 24 as the world’s biggest economies showed no signs of backing down from an increasingly bitter trade dispute that is expected to knock back global economic growth. Soon after the new duties went into effect, China accused the […] Read more
The U.S. and Canada have reached a deal to update NAFTA – renaming it the ‘United States-Mexico-Canada Agreement’ – and keep it a trilateral pact with Mexico.
Livestock, News

The USMCA details: What we know

Poultry market access will continue to grow over years. Dairy exports capped

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Here’s what we know so far on details for the new United States-Mexico-Canada Agreement trade deal. Most of these details are from the Office of the United States Trade Representative, which has posted information about the new deal. Dairy The new United States-Mexico-Canada Agreement allows 3.6 per cent more American access to the Canadian dairy […] Read more
pigs on a farm
News

Grains, hog farmers praise trade deal

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Farmers outside of supply managed commodities are praising the new United States-Mexico-Canada Agreement to modernize NAFTA. Stability of markets is important for trading commodities and a completed North American trade deal will help remove concerns about potential change in the market. “This agreement ensures that the existing strong trade relationship between Canada, the U.S. and […] Read more
Dairy farmers and processors in Ontario will feel the impact of a new trade deal.
Livestock, News

Trade deal kills Class 7, allows more U.S. milk access

Dairy pays heavy price for Canada to secure North American trade deal

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A new North American trade deal agreement has been reached it and will have significant implications for Canadian dairy farmers. The deal, agreed upon last night, is now called the United States-Mexico-Canada Agreement (USMCA). The U.S. will be given 3.59 per cent access to the Canadian dairy market. That’s a significant loss for Canadian dairy, […] Read more
News

Opinion: Trade issues in spotlight as parliamentary session begins

Capital Letters: There's no shortage of uncertainty when it comes to global trade

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As members of Parliament returned to Ottawa for the start of the fall sitting, trade is on everybody’s mind. Two of the world’s largest economies, the United States and China, are fighting an ongoing trade war and Canada finds itself caught in the middle. The U.S. is our largest trading partner. The connection between our […] Read more
Canadian beef exports to Japan saw their second highest year ever in 2017, the most since 2001.
Livestock

Beef trade to Japan expected to rise

Last year saw exceptional sales, but they could be even better if the tariff on beef to Japan drops with CPTPP implementation

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The Canadian beef industry just experienced its second-best year ever for exports into Japan, with the 2018 projection indicating a continuation of that trend. Attendees at the third annual Canadian Beef Industry Convention (CBIC) in London, Ont. were told to expect even greater growth once the federal government ratifies the trade deal known as the […] Read more
Because the tariffs for supply managed products are so high, giving up a lot of tariff gives up only a little protection, whereas giving up a little TRQ gives up a lot of protection.
Markets/Business

Give up tariff, not TRQ

Economist argues there’s more damage by ceding tariff rate quota levels in trade deals than just reducing tariff

Public commentary regarding the North American Free Trade Agreement negotiations is mainly on the auto industry, as is appropriate. But another of U.S. President Donald Trump’s whipping boys is U.S. market access to Canada’s supply managed dairy and poultry industries. In the fourth round of the NAFTA discussions, the U.S. negotiators tabled a proposal to […] Read more

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