Swine fever outbreak in China sends pork prices soaring, threatens shortages

China produces and consumes two-thirds of the world’s pork, but output is plunging as Beijing destroys herds and blocks shipments to stop African swine fever. Importers are filling the gap by buying pork as far away as Europe, boosting prices by up to 40% and causing shortages in other markets.

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New Life for USMCA? both Democrats and Republicans work with USTR toward ratification before Aug

Key USTR officials negotiating the deal with Mexico and Canada are working both sides of the Capitol in an effort to ease concerns not only over the provisions of the pact but Trump’s ongoing tariff war with Mexico, Canada, Europe and China. Speaker Nancy Pelosi and her Democratic leadership team were upbeat about the U.S.-Mexico-Canada Agreement as they left a meeting with Robert Lighthizer, Trump’s top trade official, saying he finally seemed to take heed of their demands to modify the trade deal. Some Congressional leaders believe it could be ratified  before August. Read more

U.S. removed tariffs on steel and aluminum for Canada, Mexico, to finalize USMCA

The Trump administration has reached a deal to lift tariffs on steel and aluminum imports from Canada and Mexico, in a move that could put the three nations a step closer to ratifying the USMCA trade deal that would replace NAFTA.  Presidential proclamations were issued May 20, 2019 to remove the tariffs on aluminum,… and steel

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Democrats Try to Smooth USMCA Passage With Labor Proposal

Two top Senate Democrats, including longtime free-trade foe Sherrod Brown, are crafting a labor enforcement proposal that could help ease the way for passage of President Donald Trump’s new North American trade agreement Read more

“If steel and aluminum tariffs on Mexico, Canada aren’t lifted, USMCA is dead,” Senator Chuck Grassley, Chairman, Finance Committee

“As chairman of the Finance Committee, I’m leading the Senate effort . I’ve been involved in the passage of every U.S. free-trade agreement, and it’s never easy. Reorganizing a massive economic relationship affects many constituencies, and that’s inevitably complicated. Read more

US Justice Dept. says Chinese agents stole GE, Micron technology secrets

A former General Electric engineer and a Chinese businessman were indicted Apr 18, 2019 on charges of economic espionage and conspiring to steal the U.S. company’s trade secrets related to gas turbine technologies, according to the Justice Department.  The two passed on the stolen trade secrets, knowing it would benefit the Chinese government, the department said. Read more

Top U.S. Labor Leader wants USMCA to be “fixed”

AFL-CIO President Trumka explained in a TV interview the specific actions needed by Mexico to implement the Labor Chapter of the USMCA before labor unions would support it.He also sent a letter to members of the U.S. House of Representatives on Apr 30, 2019 urging changes in the agreement before approving it. Read more

USMCA Faces Mounting Resistance from Democrats, Labor

Apr 28, 2019. President Trump’s push to revamp North America’s trade rules is hitting a roadblock in Washington as Democrats and labor groups demand changes, dimming its chances of passage before next year’s presidential election. Read more

CP Foods taps into Vietnam’s TPP access to drive poultry exports

BANGKOK — Thailand’s Charoen Pokphand Foods is boosting investment into Vietnam, marking one of the first big moves to piggyback on Vietnamese access to Trans-Pacific Partnership countries since the pact took effect at the turn of the year. Read more

Top House Democrat cites Labor, enforcement concerns about new NAFTA (USMCA)

“No enforcement, no treaty,” she told Politico. Read more