WASHINGTON, D.C. (RFD-TV) — The White House says the U.S. and Mexico are close to reaching a new trade agreement that could lower the U.S. trade deficit.
That deficit has reached around $156 billion so far this year, with imports outpacing exports. President Trump says a new agreement could bring the deficit to zero, though no details of a potential deal have been released.
Several issues remain in play as the two countries work toward an agreement. Iowa’s congressional delegation is urging the White House to protect the pork industry, while Mexico is pushing for relief from U.S. tariffs on steel and aluminum.
Talks may not resume until after the midterm elections. Mexico’s ambassador to the U.S. has acknowledged negotiations have stalled recently but remains hopeful for an agreement soon.
As Canada and the United States continue to navigate trade disputes, the review offers farm groups an opportunity to argue for preserving access to integrated North American agricultural markets.
October 23, 2026 04:30 PM
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Texas Cattle Feeders Association says the extended closure took a toll on the state’s cattle industry.
October 23, 2026 02:00 PM
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Farm organizations say fuel and fertilizer costs are putting increasing pressure on family farms.
October 23, 2026 01:32 PM
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Stronger East Coast shipments are giving U.S. corn another route to overseas markets.
October 23, 2026 12:00 PM
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The shipment would mark the first Russian petroleum-products cargo the United States has imported since a 2022 ban on Russian oil and petroleum products.
October 23, 2026 11:23 AM
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Soy Transportation Coalition’s Mike Steenhoek discusses how rising diesel costs affect grain delivery decisions and how farmers can use their free calculator to compare transportation costs and protect profitability.
October 22, 2026 03:00 PM
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