WASHINGTON, D.C. (RFD News) — President Donald Trump said he is not sure whether he will renew the U.S.-Mexico-Canada Agreement (USMCA), telling White House reporters that “we don’t need anything Canada has.”
His remarks come ahead of the USMCA review and follow a hearing before the House Agriculture Committee, where farm groups stressed the importance of the trade pact to U.S. agriculture.
Jamie Beyer with the American Soybean Association said the agreement remains critical for soybean farmers.
“ASA strongly supports a full 16-year renewal of USMCA without delay, as soybean farmers continue to face a challenging economic landscape,” Beyer said. “Failure to renew USMCA would be catastrophic. Maintaining free, open, rules-based, and fair trade with North America is critical for the continued success of U.S. agriculture.”
Beyer also described USMCA as the “gold standard” trade agreement.
Trump said he remains in talks with Canada and Mexico and that the agreement’s future is still to be seen.
Shaun Haney joined RFD News to discuss the potential impact of the Trump-Xi summit uncertainty, ongoing agricultural trade talks, and why geopolitical developments could carry important implications for farmers and global commodity markets.
