Reading Time: 2 minutes Geneva | Reuters — World Trade Organization countries need to prepare for a future without the United States as a member of the club, former WTO chief Pascal Lamy said on Monday. The U.S. has thrown the WTO into crisis by blocking the appointment of new judges, undermining its dispute settlement system just as it […] Read more
WTO should prepare for life without U.S., ex-chief Lamy says
U.S. grain firms set up co-ops in tax law’s wake
Reading Time: 3 minutes Chicago | Reuters — U.S. agricultural merchants are scrambling to register themselves as cooperatives after a blunder in the country’s new tax law gave farmers a tax break for selling grains to co-ops rather than private firms. Private crop handlers — including the “big four” merchants Archer Daniels Midland, Bunge, Cargill and Louis Dreyfus — […] Read more
Canada to seek Mercosur trade pact amid NAFTA uncertainty
Reading Time: 2 minutes Ottawa | Reuters — The Canadian government plans to open free trade talks with the four-nation Mercosur trading bloc in South America, an official said on Friday, at a time when the future of NAFTA is facing increasing uncertainty. Canada sends around 75 per cent of its goods exports to the U.S. and is looking […] Read more
Dairy farmers get no assurances on NAFTA
Reading Time: 2 minutes Dairy farmers are seeking assurances there would be no more access to Canada’s dairy market in a renegotiated North American Free Trade Agreement — but Lawrence MacAulay, Canada’s minister of agriculture and agri-food, would not provide them. “Because of the NAFTA negotiations going on, we have to be careful what we say publicly,” MacAulay said […] Read more
U.S. Congress near deal on tax law’s impact on grain market
Reading Time: 2 minutes Washington | Reuters — U.S. lawmakers are close to resolving a problem with the new federal tax law that gives grain co-operatives an unintended market edge over private companies, but have had a hard time getting agreement among members of the farm sector, a Republican senator said Thursday. A provision in the Republican tax overhaul […] Read more
With sorghum warning shot, Beijing targets Trump’s core farm base
Reading Time: 3 minutes Beijing | Reuters — In launching a probe into U.S. sorghum imports, China has fired a warning shot across its top trading partner’s bow that shows farmers in states that voted for U.S. President Donald Trump may be Beijing’s top retaliatory target in the event of a trade war. On Sunday, the Ministry of Commerce […] Read more
Trudeau talks tough on NAFTA, repeats he could walk away
Reading Time: < 1 minute Nanaimo, B.C. | Reuters — Canadian Prime Minister Justin Trudeau took a tough line on NAFTA on Friday, repeating that he could walk away if he was not happy with talks to modernize a pact the U.S. contends needs major changes. “The negotiations are complex and challenging … I’ve said many times, we are not […] Read more
Rising diesel could surge with U.S. infrastructure plan
Reading Time: 2 minutes CNS Canada — Diesel costs in Western Canada are roughly eight to 10 cents higher on average than anytime in 2017, and an industry expert warns that gap could grow even more with a potential surge of U.S. construction. “I think we’re already seeing more evidence of a robust, consumption-driven U.S. as more disposable income […] Read more
Trudeau says doesn’t think Trump will pull U.S. out of NAFTA
Reading Time: 2 minutes Ottawa | Reuters –– Canadian Prime Minister Justin Trudeau on Wednesday said he did not think U.S. President Donald Trump would pull out of NAFTA, despite slow progress at negotiations to update the US$1.2 trillion trade pact. Trudeau’s comments were among the most positive made by any Canadian official since talks started last year to […] Read more
U.S. rejects proposals to unblock NAFTA, but will stay in talks
Reading Time: 3 minutes Montreal | Reuters — U.S. President Donald Trump’s trade chief on Monday dismissed Canadian proposals for unblocking NAFTA modernization talks but pledged to stay at the table, easing concerns about a potentially imminent U.S. withdrawal from the trilateral pact. Trump, who described the 1994 pact as a disaster that has drained manufacturing jobs to Mexico, […] Read more
A message from April Stewart, Country Guide's Associate Editor
