Tag Archives: USMCA

Canada will consider the passage of the U.S.-Mexico-Canada Agreement next week. Prime Minister Justin Trudeau told reporters this week, ”On Monday, we will introduce a Ways and Means motion, and on Wednesday we will table legislation to ratify the deal.”

The comments were part of a press conference detailing plans for Canada’s Parliament, which returns to work next week. Trudeau says, “We are going to make sure that we are going to move forward in the right way, and that means ratifying this new NAFTA as quickly as possible, but responsibly in the House of Commons.” Canada is the last of three nations to take action on the agreement.

Mexico has already ratified the agreement, and the U.S. has one final step to ratify the agreement, being President Donald Trump’s signature. The USMCA, or CUSMA, as it’s known in Canada, is estimated to be worth an extra $2 billion annually in exports for U.S. farmers.

The U.S. Senate Wednesday put its finishing touches on the U.S.-Mexico-Canada Agreement. Senator Chuck Grassley, chair of the Finance Committee and Senate President Pro tempore, signed the agreement, the final step before the agreement heads to the White House.

President Donald Trump was previously expected to sign the agreement sometime this week. The ceremony Wednesday signals the end is close after the nearly three-year process of renegotiating the agreement, then further negotiations to gain U.S. congressional approval. President Trump, in January 2017, announced his intention to renegotiate the North American Free Trade Agreement. The trade talks started in May of that year. A deal was reached in September of 2018 between the U.S., Mexico and Canada.

Senator Deb Fischer, a Republican from Nebraska who attended the ceremony Wednesday, says she is “proud that this critical trade agreement has finally come across the finish line.” President Donald Trump told the American Farm Bureau Federation on Sunday, that USMCA, and the agreement with China, “are just the beginning,” as his administration seeks more trade agreements.

VIDEO: President Donald Trump Speaks about USMCA at the Recent Farm Bureau Convention

WASHINGTON, D.C. – U.S. Senator Deb Fischer (R-Neb.), a member of the Senate Agriculture Committee, today joined Senate President Pro Tempore Chuck Grassley (R-Iowa), as well as Senate Agriculture Committee Chairman Pat Roberts (R-Kan.) and several other of her Senate colleagues, for the Senate signing of the bipartisan United States-Mexico-Canada Agreement (USMCA) Implementation Act.

Senator Fischer’s full remarks:

 

I just want to thank Chairman Grassley.  He has been very tenacious on getting this agreement done.

 

And the other guy who has been tenacious for a number of years is Chairman Roberts.

 

To have them both chair these important committees and be able to continue to advocate for trade agreements, which are so important for our states, has been tremendous.  

 

Thanks to the president for sticking with this, for keeping his words.

 

And thank you to Ambassador Lighthizer, because he really pushed on this as well and was able to get it across the finish line. 

 

This is a remarkable achievement—to be able to have a bipartisan trade agreement that passed overwhelmingly in the United States Senate.

 

Agriculture is the economic engine of my state, of Nebraska.

 

One in four jobs are directly related to production agriculture.

 

54,000 jobs are related in Nebraska to exports.

 

$13.8 billion in economic activity from my state is related to agriculture.

 

To be able to have these kind of agreements, whether it is USMCA or a trade agreement with China or a great agreement now with Japan that we have and now we are looking over into the UK and the EU, and really all across the globe, in order to find more customers for the great products that we produce.

 

Whether it’s in ag, manufacturing, or small businesses, families and communities across Nebraska are going to benefit from all of these trade agreements.

 

I’m just really proud of the work we have been able to do in working together with the administration and with my great colleagues here in the United States Senate in order to get these agreements done, and especially the USMCA, with our top two trading partners, Mexico and Canada.

 

Thank you.

Phil Hogan, the new Trade Commissioner for the European Union, was in Washington, D.C., last week and spoke about the tense relationship between the EU and the U.S. The New York Times says Hogan promises to “robustly defend” European interests as he justified the European position on trade disagreements with the U.S. over airplane subsidies, digital taxes, and the World Trade Organization.

He criticized American officials for being inaccurate in claiming that trade between the U.S. and EU was unbalanced, while also saying America’s aggressive use of tariffs against trading partners was “hardly sensible.” His comments came as the U.S. is considering the use of new tariffs against the European Union trading bloc.

However, Hogan ruled out the possibility of a three-way trade relationship between the EU, the U.S., and the United Kingdom in a post-Brexit world. U.S. Commerce Secretary Wilbur Ross tells Fox Business News that sealing the phase one trade deal with China and congressional passage of USMCA boosts the U.S. negotiating stance with Europe. “Our position is infinitely better already just because of these two deals,” Ross says.

Crazy week of reports.  From the January 10th report, Phase One, USMCA…but still beans had a rough week.  Shows volatility & one needs to be prepared.  Last 60 days we have been in a tight range.   Ethanol margins remain tight…China even mentioned ethanol in Phase One.  South American weather & current harvest.  Hogs could see the boost from the trade deals.  There is money to be made in the cattle market right now.

Why have the markets been down so much since the phase one trade deal came out? What are some of the details of the trade deal that you found encouraging? Are there parts of the trade deal that concern you? What does the market focus on now going forward?
How does the corn export demand look? How does the corn ethanol demand look? What does it take to turn the market back higher?

Nebraska Corn Statement:

 The future of Nebraska’s corn industry is bright following the Senate’s passage of the much-anticipated trade agreement between the United States, Mexico and Canada. The Nebraska Corn Board (NCB) and the Nebraska Corn Growers Association (NeCGA) issued statements today regarding the approval of the United States-Mexico-Canada Agreement (USMCA).

“Ever since President Trump announced his intent to withdraw from NAFTA, one of our top priorities has been a modernized agreement that continues to have a positive impact on Nebraska agriculture,” said Dan Nerud, president of the NeCGA and farmer from Dorchester. “We’re extremely appreciative of our farmer members who helped bring USMCA to the finish line. We’d also like to thank Sen. Deb Fischer and Sen. Ben Sasse for their unwavering support on this key piece of legislation.”

“The fact that USMCA received overwhelming bipartisan support from the House of Representatives last month and overwhelming bipartisan support from the Senate today just emphasizes the importance of free trade with Canada and Mexico,” said David Bruntz, chairman of the NCB and farmer from Friend. “Because of USMCA, Nebraska’s corn farmers and ethanol producers will continue to have access to our biggest and most dependable markets.”

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NCGA President Kevin Ross:
National Corn Growers Association President Kevin Ross today thanked members of the U.S. Senate for their bipartisan approval of the United States-Mexico-Canada Agreement (USMCA). Ross made the following statement.
“Nearly a year ago, NCGA’s farmer members, recognizing the importance of our trading relationship with Mexico and Canada, declared passage of USMCA their top legislative priority. Since that time, corn farmers have been using every opportunity to urge members of Congress to support the new trade agreement and we are incredibly thankful for the strong bipartisan support it has received in the Senate today.
“NCGA thanks the U.S. Senators who voted to ensure corn farmers will continue to have access to our largest and most reliable markets, and is especially grateful for the leadership of Senate Finance Committee Chairman Chuck Grassley who has been a steadfast supporter of corn growers and committed to getting USMCA across the finish line.
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The National Association of Wheat Growers (NAWG) and U.S. Wheat Associates (USW) applaud the U.S. Senate for passing the U.S.-Mexico-Canada Agreement (USMCA) today.

“Trade deals can put the price of wheat back on track for many growers and create new opportunities for many farmers,” said NAWG President and Lavon, Tex., farmer Ben Scholz. “NAWG applauds the U.S. Senate for moving quickly on passing USMCA out of the Chamber.”

“Mexico continues to be our top importing country,” said USW Chairman and Paulding, Ohio, farmer Doug Goyings. “Wheat farmers are relieved to see the agreement moving on to the President and I think the Mexican millers who want our wheat are relieved, too.”

USMCA retains tariff-free access to imported U.S. wheat for those long-time flour milling customers in Mexico, a crucial step toward rebuilding trust in the U.S. as a reliable supplier in this important, neighboring market. In addition, the USMCA makes important progress towards more open commerce for U.S. wheat farmers near the Canadian border by allowing U.S. varieties registered in Canada to receive reciprocal grading treatment.

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Ag Secretary Perdue:
U.S. Secretary of Agriculture Sonny Perdue issued the following statement after the Senate passed the U.S.-Mexico-Canada Agreement (USMCA) by a bipartisan vote of 89 – 10.
“We’ve long waited for this day and now USMCA will finally head to the President’s desk,” Secretary Perdue said. “The passage of USMCA is great news for America’s farmers and ranchers. With Congressional consideration now complete, our farmers and ranchers are eager to see the President sign this legislation and begin reaping the benefits of this critical agreement. I thank President Trump and Ambassador Lighthizer for successfully delivering an improved and modern trade agreement and working so hard for the people of American agriculture to get this deal across the finish line.”
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USMEF:
The U.S. Senate moving quickly to approve USMCA reaffirms the United States’ commitment to two key trading partners, both of which are very important destinations for U.S. pork, beef and lamb. USMEF applauds Congressional leaders and the Trump administration, especially the trade experts within USTR and USDA, for their tireless efforts to ratify USMCA, which bolsters our position as a reliable supplier to two leading markets that account for about one-third of all U.S. red meat exports. Shipments to Mexico and Canada in 2019 totaled about 1.25 million metric tons valued at $3.8 billion, and the U.S. red meat industry looks forward to many years of further growth.

WASHINGTON, D.C. – U.S. Senator Deb Fischer, a member of Senate Agriculture Committee, released the following statement today after the Senate passed the U.S.-Mexico-Canada Agreement (USMCA):

“Nebraska’s families, ag producers, and manufacturers depend on access to Canada and Mexico, our state’s two largest export markets. I am happy that Congress got this deal done and look forward to President Trump signing it, securing great opportunities for Nebraska.”

 

Nebraska Ag and Manufacturing Information:

–        In 2017, Nebraska sent nearly 900 million dollars of ag products to Mexico and nearly 450 million dollars of ag products to Canada

–        Agriculture trade between Canada and Mexico supports nearly 54,000 Nebraska jobs

–        The value of total Nebraska exports to Mexico and Canada in 2018 was $3.5 billion

–        More than 300 Nebraska manufacturing firms depend on exports to Mexico and Canada

–        In 2018, Nebraska exported $2.2 billion in manufacturing goods to Mexico and Canada

The Senate is hopeful to vote on the U.S.-Mexico-Canada Agreement this morning. After quickly advancing the agreement through required committee approvals, the Senate will consider the agreement ahead of the impeachment trial next week.

However, the Senate is not in session Friday, leaving little time to debate and pass the implementing legislation. Thought to be delayed until after the impeachment trial, the Senate moved up committee hearings to include USMCA passage during a busy week in Washington. The same day President Donald Trump signed the China agreement, the House of Representatives sent articles of impeachment to the Senate.

Now, the Senate must make the impeachment trial a priority, which is expected to begin Tuesday. Action by the Senate would move USMCA to President Trump’s desk for his signature. The signing of the agreement would signal Canada to approve the agr

WASHINGTON, D.C. – At today’s Senate Commerce Committee hearing, U.S. Senator Deb Fischer (R-Neb.) voted to advance the United States-Mexico-Canada Agreement (USMCA). The agreement passed the committee by a bipartisan vote. The full Senate is expected to vote on the agreement tomorrow, sending it to President Trump’s desk for signature.

Senator Fischer spoke on the importance of the agreement to Nebraska families, ag producers, manufacturers, and businesses.

Click here to view or download the video

 

Senator Fischer’s full remarks:

“Mr. Chairman, and fellow members of the committee:

 

When I travel across Nebraska, I hear directly from our families, ag producers, manufacturers, and businesses about how important the passage of the U.S.-Mexico-Canada Agreement would be.

  

“Let me explain specifically how this deal brings economic certainty to our state.

 

“Agriculture is the economic engine of Nebraska, and the USMCA is critical for farmers and ranchers.

 

“Currently, Canada and Mexico receive 44 percent of Nebraska’s total exports.

  

“In 2017 alone, our state sent nearly 900 million dollars of ag products to Mexico and nearly 450 million dollars of ag products to Canada.

 

“Agriculture trade between Canada and Mexico supports nearly 54,000 jobs in Nebraska.

  

“Importantly, the USMCA maintains and strengthens markets for corn and soybeans.

 

“It also allows U.S. beef producers to continue to grow their exports to Mexico – which have risen 800 percent since NAFTA was first ratified. 

 

“In 2018 alone, Nebraska exported over 250 million dollars of beef to both countries.

 

“According to Nebraska Department of Agriculture reports, our state’s 6.4 billion dollars in agricultural exports in 2017 led to nearly 8.2 billion dollars in additional economic activity in our state.

 

“But let’s not forget that the benefits of the USMCA extend far beyond our farm and ranchland.

  

“Nebraska’s manufacturers rely on America’s neighbors to the north and south, and a modernized trade deal means good-paying manufacturing jobs for our state.

 

“More than 300 Nebraska manufacturing firms depend on exports to Canada and Mexico.

 

“These manufacturing jobs tend to be full-time, pay high wages, and offer major opportunities for workers.

 

“In 2018, Nebraska exported $6.5 billion in manufacturing goods to the world—and $2.2 billion of that went to Mexico and Canada.

 

“The USMCA represents a bipartisan agreement that will benefit Nebraska families and all of the American people.

 

“It’s high time to unite around this common-sense trade deal and push the USMCA over the finish line.”