Lawmakers like Texas Representative Jodey Arrington say trade has been unbalanced for too long.
During a hearing on the Hill this week, he said the current trade rules would never fly if it was played like a basketball game.
“You know, I can’t imagine the Texas Tech Raiders taking on the Arkansas Hogs and let the Arkansas Razorbacks shoot lay-ups for their free throws, or pick up the ball and run with it instead of dribbling, I mean can you ever imagine watching a competition where there were two sets of rules. Now, we’d still beat them, no question, under any set of rules and circumstances, but anyway, it just seems to me that it’s un-American not to fight for our manufacturers, producers, and workers to simply have an even playing field.”
Arrington made those comments during a House Ways and Means Committee hearing on trade. Several ag groups spoke before the panel, highlighting the need to keep trade affordable.
Lewis Williamson with HTS Commodities shares an update on post-WASDE grain movement, with corn leading export momentum, soybeans steady, and wheat and sorghum continuing to move selectively.
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China still has a long way to go before it meets its commitment to buy 12 million metric tons of U.S. soybeans this year.
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Tariff relief may soften grocery prices, but it also intensifies competition for U.S. fruit, vegetable, and beef producers as cheaper imports regain market share.
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USMEF’s Jay Theiler discusses his leadership role in representing U.S. beef and pork and provides an update on this week’s conference in Indianapolis.
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USDA released the November WASDE Report on Friday, the first supply-and-demand estimate to drop since September, just before the 43-day government shutdown.
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U.S. Trade officials announced new deals with El Salvador, Guatemala, Ecuador, and Argentina, as well as a steep reduction in tariffs on Swiss imports.
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