Speculation is rising around USMCA negotiations as Canadian Prime Minister Justin Trudeau resigns as leader of the Liberal Party. With proposed trade tariffs on the horizon, farmers on both sides of the border are keeping an eye on this situation.
Keith Currie with the Canadian Federation of Agriculture joined RFD-TV’s own Tammi Arender to discuss what Trudeau’s resignation mean for the country’s ag sector, how Canadian farmers are responding, and what kind of impact it could have for producers.
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In a statement provided to RFD-TV News, a USDA spokesperson reiterated President Trump and the USDA’s commitment to farmers in difficult economic times.
China is not one of our top suppliers of cooking oil, according to USDA ERS data, but does export a lot of used cooking oil to the U.S. for biofuel production.
Expect choppier basis and wider bids — hedge earlier, keep logistics flexible, and watch Argentina and India headlines for near-term opportunities.
New U.S. fees on Chinese-owned and built ships took effect overnight, marking the latest escalation in maritime trade tensions between Washington and Beijing.
President Trump is expected to press Argentina to take a tougher stance on China in exchange for political and economic support.
President Trump has long supported a direct line from Alberta’s oil fields to the Midwest.
