President Trump is in Canada this morning, meeting with world leaders at the G7 Summit.
Talks around tension in the Middle East will likely dominate the gathering, but President Trump brought along key officials hoping to talk trade during the three-day event.
The President arrived in Alberta last night, and he is joined by Treasury Secretary Scott Bessent, who just returned from trade talks with China in London last week. On their agenda is a meeting with Canadian Prime Minister Mark Carney. In recent days, Bessent has said those discussions are on a more sustainable path.
Other key U.S. trade partners will be there, including leaders from France, Italy, Germany, and Britain.
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API said it stands ready to work with Congress to develop a balanced approach to E15 legislation that promotes fuel choice, supports investment certainty, and contributes to a stable and fair marketplace for American consumers.
Lawmakers are pressing for answers on how Washington’s “managed trade” approach — keeping leverage through long-term tariffs — will affect farmers, global markets, and future export opportunities.
In the meantime, Senate Majority Leader John Thune is asking that farmers be allowed to use marketing assistance loans to help stay afloat.
Beef industry groups seem to agree — market-based pricing, not federal intervention, best supports rancher livelihoods and long-term beef supply stability.
Cattle groups say additional imports would offer little relief for consumers but could erode rancher confidence as the industry begins to rebuild herds.
Understanding how these tax provisions interact will be key for farmers planning long-term equipment purchases or transfers within the family.
