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
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U.S. seen likely to win in effort to shut down WTO’s appeals court
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
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
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
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
The USMCA details: What we know
Poultry market access will continue to grow over years. Dairy exports capped
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
U.S.-China talks on trade war resume as new tariffs kick in
Beijing/Washington | Reuters – The United States and China escalated their acrimonious trade war on Thursday, implementing punitive 25 percent tariffs on $16 billion worth of each other’s goods, even as mid-level officials from both sides resumed talks in Washington. The world’s two largest economies have now slapped tit-for-tat tariffs on a combined $100 billion of products […] Read more
China expects its U.S. agricultural imports to fall sharply
Beijing | Reuters – China’s imports of U.S. agricultural products will fall sharply once Beijing implements retaliatory trade measures and the country is able to cover its demand for cooking oil and animal feed, vice agriculture minister Han Jun said on Friday. The trade dispute will have a limited impact on China’s agriculture sector, but hit its U.S. counterparts […] Read more
China plans tariffs on $60 bln of U.S. goods in latest trade salvo
Beijing | Singapore | Reuters – China proposed retaliatory tariffs on $60 billion worth of U.S. goods ranging from liquefied natural gas (LNG) to some aircraft on Friday, as a senior Chinese diplomat cast doubt on prospects of talks with Washington to solve their bitter trade conflict. The Trump administration tightened pressure for trade concessions from […] Read more
Trump says agreed with EU to work to lower trade barriers
Washington | Reuters — U.S. President Donald Trump said on Wednesday the United States and the European Union were kicking off talks aimed at lowering trade barriers as officials looked to head off a brewing trade war. “This was a very big day for free and fair trade, a very big day indeed,” Trump told […] Read more
World’s ‘affection’ for Canada will help in trade diversification: Carr
Ottawa | Reuters — There is “an awful lot of affection for Canada” around the world that will help the government’s push to diversify exports away from the United States, the country’s new trade minister said on Thursday, as ties with Washington become more strained. Winnipeg MP Jim Carr, previously the minister for natural resources, […] Read more
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