U.S. Will Lift Steel and Aluminum Tariffs on Mexico and Canada
Friday afternoon President Trump announced that the U.S. will be eliminating the steel and aluminum tariffs on imports from Canada and Mexico. In return Canada and Mexico said they will eliminate retaliatory tariffs on U.S. agricultural products. This is a positive step in getting the renegotiated NAFTA agreement now called the United States Mexico Canada Agreement (USMCA) passed in Congress.
It was also announced Friday that U.S. beef products from all cattle of any age will now be allowed to be exported to Japan. There were restrictions since 2003 because of BSE. This is good news because Japan used to import a lot of beef from the U.S. Canada and Mexico lifting retaliatory tariffs on U.S. agricultural products is also very good news.
Given everything going against farmers with low prices, trade issues making prices even worse and the weather, farmers sure could use a little good news. It reminds me of Ann Murry's hit song in the 1980's " Sure Could Use a Little Good News Today."