By Doug Tenney, Leist Mercantile
President Trump signed the USMCA or U.S., Mexico, and Canada Agreement. It has now been passed by the U.S. and Mexico, Canada has yet to ratify this agreement. The USMAC replaces NAFTA, which was a great agreement from the Clinton administration back in the 1990s. Some are calling it NAFTA 2.0. The new trade agreement replaces the 25-year NAFTA agreement. It should give the U.S. more access into those markets. Early indications suggest it will result in more automotive production in the U.S. In addition, this agreement should be beneficial for U.S. dairy farmers. Mexico, from an agricultural perspective, has been in the news in the past two months as they have purchased U.S. corn on multiple occasions.
The Phase One trade deal was signed last month by the U.S. and China. It calls for China to purchase 40 billion dollars in U.S. agricultural goods in each of the next two years.… Continue readingRead More »