MEXICO, CHINA MAKE UP MOST OF WEEK’S PORK SALES

Source: Brownfield Ag News

The USDA says pork export sales were up sharply during the week ending September 23rd.  The total of 42,500 tons was 31% higher than the previous week, with Mexico and China combining for more than 80% of the week’s pork sales. Beef exports were up modestly, with Japan, South Korea, and China leading the way. Soybean, soybean product, cotton, and rice sales all showed week to week improvements, while corn and wheat sales declined. The USDA’s next set of supply and demand estimates is out October 12th.

Physical shipments of beans, corn, sorghum, and wheat were less than what’s needed to meet projections for the current marketing year. The 2021/22 marketing year started June 1st, 2021 for wheat, August 1st, 2021 for cotton and rice, and September 1st, 2021 for beans, corn, and sorghum, and starts October 1st, 2021 for soybean products. The marketing year for beef and pork is the calendar year.

READ MORE

Mexico leader decries beer, milk production in arid areas

03/28/2021

Source: AP News

MEXICO CITY (AP) — Mexican President Andrés Manuel López Obrador is railing against the production of beer and milk in areas where there isn’t enough water.

López Obrador cancelled plans for a huge brewery on Mexico’s northern border last year, and on Sunday he questioned the whole idea of producing beer for export.

READ MORE

Revealed: Monsanto owner and US officials pressured Mexico to drop glyphosate ban

02/16/2021

Source: The Guardian

Internal government emails reveal Monsanto owner Bayer AG and industry lobbyist CropLife America have been working closely with US officials to pressure Mexico into abandoning its intended ban on glyphosate, a pesticide linked to cancer that is the key ingredient in Monsanto’s Roundup weedkillers.

The moves to protect glyphosate shipments to Mexico have played out over the last 18 months, a period in which Bayer was negotiating an $11bn settlement of legal claims brought by people in the US who say they developed non-Hodgkin lymphoma due to exposure to the company’s glyphosate-based products.

READ MORE

Mexico braces for close trade scrutiny from Biden

11/29/2020

Source: Yahoo! News

After years of fiery rhetoric from outgoing President Donald Trump, Mexico is bracing for more discreet but steadfast pressure from Joe Biden’s administration to fulfill its trade obligations to the letter, analysts say.

Mexico and Canada were pressured by Trump to renegotiate the North American Free Trade Agreement (NAFTA), the 1994 pact that the Republican branded “the worst trade deal in the history of the country.”

READ MORE

Arizona looking to expand trade with Mexico

January 28, 2020
Source: KTSM.com Julian Resendiz

Entering_Arizona_on_I-10_Westbound

EL PASO, Texas (Border Report) — The State of Arizona is strengthening ties with its biggest trading partner through the planned opening of two business offices in Mexico later this year.

The new trade and investment office in Guanajuato will help Arizona companies crack into the supply chain of a thriving automotive-assembly market — as well as into agrobusiness — in a region of Mexico known as “El Bajio” (The Lowlands). The new Chihuahua state office will be a door to a robust aerospace parts and manufacturing center south of the border that includes suppliers for Honeywell and Bell Helicopter, Arizona officials say.

Read more

To learn more about opportunities for strengthening economic ties between the U.S. and Mexico, innovation and development in key industries, check out our publications.

NAFTA Versus USMCA: Taxes, Tariffs, And Trade In North America

Source: Forbes, 01/22/2020

Concept of USMCA or the new NAFTA United States Mexico Canada ag

In this episode of Tax Notes Talk, Tax Notes contributing editor Robert Goulder discusses the decades-old North American Free Trade Agreement, the new U.S.-Mexico-Canada Agreement (USMCA), and what these agreements mean for the future of taxes, tariffs, and trade in North America.

Robert Goulder commented on the differences of the NAFTA and USMCA.

“They look a lot more like conventional legislation than they do a full-on treaty. The Senate Foreign Relations Committee, for example, is not going to have primary domain over this. It’s going to be the Senate Finance Committee. So, it looks like a treaty, and it feels like a treaty. But procedurally, it’s going to resemble just basic legislation.” Read more.

To learn more about the USMCA deal, visit the Mexico Institute’s NAFTA and USMCA Resource Page. 

U.S. Steel Imports Drop 15% in 2019 Under Weight of Tariffs

January 10, 2020

Source: Yahoo Finance

SONY DSC

Much to the respite of American steel makers, total U.S. steel imports have dropped 15% in 2019 – according to the latest report from the American Iron and Steel Institute (“AISI”), an association of North American steel makers.

The decline largely reflects the impact of the 25% tariff on steel imports which the Trump administration had levied in 2018 under Section 232 of the Trade Expansion Act of 1962.

Read more

Mexico resists U.S. demands on trade deal, wants Senate to back tweaks

amlo 2

12/03/19 – Reuters

By Dave Graham

Mexico’s president on Tuesday pushed back against U.S. efforts to subject his country’s labor market to external oversight under a new North American trade deal, and said the Mexican Senate should be consulted before new changes are signed off.

Mexico approved the United States-Mexico-Canada Agreement (USMCA) earlier this year, but U.S. ratification has been held up by Democratic lawmakers seeking to have stricter enforcement of new Mexican labor rules enshrined in the deal.

Read more…

Mexico steps up pressure on U.S. Congress to approve trade deal

MEXICO-US-BORDER-TRADE
Aerial view of cargo trucks lining up to cross to the United States near the US-Mexico border at Otay Mesa crossing port in Tijuana, Baja California state, Mexico, on April 4, 2019. – US President Donald Trump is expected to visit a section of the border fence in Calexico during his tour to California on Friday. (Photo by Guillermo Arias / AFP) (Photo credit should read GUILLERMO ARIAS/AFP/Getty Images)

11/25/19 – Reuters

By Dave Graham and David Shepardson

Mexico’s government on Monday ramped up pressure on Democratic lawmakers to approve a new North American trade deal, urging U.S. House Speaker Nancy Pelosi to push it through Congress and rejecting demands for greater labor market oversight.

President Andres Manuel Lopez Obrador said he would this week send another letter to Pelosi, a Democrat, pressing for the ratification of the three-nation deal agreed last year known as the United States-Mexico-Canada Agreement (USMCA).

Read more…

Florida and Mexican Seaports Agree to Enhance Trade

sea trade

11/21/19 – The Maritime Executive

On behalf of Florida’s 15 seaports, the Florida Ports Council has entered into a Letter of Intent with the Coordination of Ports and Merchant Marine of Mexico to maintain relations that promote international commerce and economic development.

Mexico is Florida’s second largest trading partner. In 2018, trade between Mexico and Florida reached $10.8 billion. According to the United States Department of Commerce, this was an 8.3 percent increase over 2017 in exports alone.

Read more…