Reading Time: 2 minutes Washington | Reuters — The United States on Tuesday launched a challenge to China’s price supports for domestic production of rice, wheat and corn at the World Trade Organization, charging that these far exceed limits that China committed to when it joined the WTO in 2001. The U.S. Trade Representative’s office said China’s “market price […] Read more
U.S. challenges Chinese wheat, corn, rice price supports at WTO
U.S. COOL rules formally off beef, pork
Reading Time: 2 minutes The U.S. Agricultural Marketing Service (AMS) has formally patched a long-sore spot in cross-border trade relations by pulling its country-of-origin labelling (COOL) regulations off beef and pork. The AMS, an arm of the U.S. Department of Agriculture (USDA), published its amendments Wednesday in the U.S. Federal Register. The changes, which took effect upon publication, mean […] Read more
Brazil soy growers seek WTO complaint against U.S.
Reading Time: 2 minutes Sao Paulo | Reuters — Brazilian soybean growers have asked their country to file a complaint against the U.S. at the World Trade Organization, alleging U.S. farm subsidies give an unfair advantage to the world’s top soybean producer. Brasilia-based farm group Aprosoja says those subsidies might be costing Brazilian farmers $1 billion a year in […] Read more
Canada, Mexico granted COOL retaliation power
Reading Time: 2 minutes Canada and Mexico may now impose retaliatory tariffs against U.S. goods at will over Washington’s country-of-origin labelling (COOL) rules — just in time for the process of erasing those rules to begin. U.S. President Barack Obama late Friday signed the Consolidated Appropriations Act of 2016, an omnibus bill approving funding for various government agencies and […] Read more
Mexico halts bid for COOL retaliation
Reading Time: < 1 minute Mexico City | Reuters — Mexico has halted a bid to impose retaliatory trade measures on the U.S. over meat labeling rules after U.S. lawmakers repealed them this week, a Mexican government official said. Mexico had announced earlier this month it would start internal procedures to strip benefits from some U.S. agricultural and industrial imports, […] Read more
WTO backs agricultural reforms, split on Doha
Reading Time: 2 minutes Nairobi | Reuters — The World Trade Organization reached deals on agricultural export subsidies, food aid and other issues on Saturday, capping a ministerial conference in the Kenyan capital where rich and poor countries had been split over the path of trade reform. Members said the Nairobi deal had drawn a line under years of […] Read more
U.S. Congress repeals COOL on beef, pork
Reading Time: 3 minutes The U.S. Senate and House of Representatives have both approved a repeal of the government’s six-year old mandatory country-of-origin labelling (COOL) laws on beef and pork. Tucked into an omnibus appropriations bill put before Congress Friday, the repeal shuts the door on a major irritant in North American trade relations and is expected to curb […] Read more
Canada not yet pulling trade trigger on COOL
Reading Time: 2 minutes Canada remains “cautiously optimistic” that the U.S. government will repeal its country-of-origin labelling (COOL) law before the Canadian and Mexican governments impose retaliatory tariffs. Federal Trade Minister Chrystia Freeland, speaking Wednesday from Nairobi on a conference call with reporters, said she was “not going to go into hypotheticals” about Canada’s next move if an omnibus […] Read more
Clock ticking to avoid North American food fight
Reading Time: 3 minutes Winnipeg | Reuters –– The North American spat pitting Canada and Mexico against the U.S. over meat labels has sown confusion among producers and shippers in all three countries, with a trade war potentially just weeks away. The World Trade Organization on Monday authorized Canada and Mexico, the biggest markets for exported U.S. goods, to […] Read more
U.S. livestock: COOL news weighs on CME live cattle, hogs
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures fell on Monday, partly led by the World Trade Organization’s (WTO) ruling against the U.S. in a meat-labeling dispute, said traders. Canada and Mexico may impose tariffs worth $1 billion onto U.S.-traded products, a WTO panel ruled on Monday, as the countries prepared to retaliate […] Read more
A message from April Stewart, Country Guide's Associate Editor
