Geneva | Reuters — The United States is likely to succeed in shutting down the World Trade Organization’s supreme court because other WTO members are powerless to stop it, diplomats, lawyers and officials said at a conference in Geneva on Friday. The United States has blocked appointments of judges to the Appellate Body, throwing the […] Read more
Tag Archives tariffs — page 50
U.S. seen likely to win in effort to shut down WTO’s appeals court
U.S. livestock: Lean hogs extend recovery, near six-month high
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures climbed to their highest prices in about six months on Friday on technical buying. CME October hogs reached a session high of 68.825 cents/lb., the contract’s highest price since April 19, before paring gains (all figures US$). It ended up 0.7 cent/lb., at 68.2 cents. […] Read more
Trade war between U.S. and China continues to alter trade flows
China is buying from Argentina and Argentina is buying from the U.S.
Ontario grain and oilseed markets have traded in a sideways range over the past couple weeks. Farmers in Ontario have harvested about eight per cent of the soybean crop while the corn harvest will begin in a couple weeks. The Ontario forecast looks variable over the next week. Quick look Soybeans: Market structure favours China […] Read more
Hog producers continue struggle toward profitability
CNS Canada — Hog prices might have regained some value in recent days, but many producers are still a long way from profitability, according to the chair of Manitoba Pork. That’s why lenders such as Farm Credit Canada, who show they understand the needs of producers who are dependent on commodity markets, are appreciated, said […] Read more
China says U.S. trying to force it to submit on trade
Another $200 billion in tariffs went into effect Sept. 24
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
Trade pact clause seen deterring China trade deals with Canada, Mexico
Washington | Reuters — China’s hopes of negotiating a free trade pact with Canada or Mexico were dealt a sharp setback by a provision deep in the new U.S.-Mexico-Canada trade agreement that aims to forbid such deals with “non-market” countries, trade experts said on Tuesday. The provision specifies that if one of the current North […] Read more
Trudeau takes Quebec dairy gamble to preserve big trade deal
Ottawa/Montreal | Reuters — With his political future at stake, Canadian Prime Minister Justin Trudeau will mount a charm offensive to placate dairy farmers who say he sold them out in order to win approval of a continental trade deal. Compounding Trudeau’s challenges in the influential province of Quebec, where many dairy farmers are based, […] Read more
Pulse weekly outlook: India extends pea, lentil tariffs
CNS Canada — The Indian government has again extended its import restrictions on peas, this time until Dec. 31. India late last year initiated duties of 50 per cent on imported peas and 30 per cent on lentils and desi chickpeas. It has since raised the lentil tariff to 60 per cent. In effect, the […] Read more
U.S. grains: Corn, soy surge as NAFTA revamp outweighs big supplies
Chicago | Reuters — U.S. corn and soybean futures rallied on Monday, reversing the prior session’s steep losses, after the U.S., Canada and Mexico announced they had reached a deal on a trilateral pact to replace NAFTA. Corn gained nearly three per cent and soybeans more than one per cent as news of the trade […] Read more
Canada, U.S. deal saves NAFTA as trilateral pact
Ottawa/Washington | Reuters — The U.S. and Canada forged a last-gasp deal on Sunday to salvage NAFTA as a trilateral pact with Mexico, rescuing a three-country, US$1.2 trillion open-trade zone that had been about to collapse after nearly a quarter century. In a big victory for his agenda to shake up an era of global […] Read more
Cyber-Savvy Farmer
