Motegi told reporters that he told Lighthizer that Japan will not compromise on imports of agricultural products, saying that the conditions agreed in past negotiations are as far as Japan could go. Japan made significant concessions on imports of dairy and other farm products during tough negotiations on the Trans-Pacific Partnership, a Pacific Rim trade deal that President Donald Trump withdrew from shortly after taking office in 2017.“In the area of agricultural products, conditions we have promised in past economic cooperation is as far as we can go. I have told him that that’s the line Japan cannot go beyond,” he said.Japan’s conservative ruling party, the Liberal Democrats, have traditionally relied on strong support from rural voters and have sought to protect the country’s farm sector from foreign competition.
The Trump administration is readying a public relations offensive over the economic impact of its new North American trade deal to counter a crucial report expected on Thursday that economists see as likely to show minimal gains at best.Industry sources familiar with the administration’s plans told Reuters the U.S. International Trade Commission’s analysis of the U.S.-Mexico-Canada Agreement would be met with a rosier forecast from the U.S. Trade Representative’s office.The three countries agreed last year to the deal to replace the 25-year old North American Free Trade Agreement after President Donald Trump’s relentless criticism of NAFTA, calling it “the worst trade deal ever made” and insisting it be improved or scrapped.The ITC report has been kept under wraps and is being keenly awaited by U.S. lawmakers to help them decide whether to support USMCA. A report showing little or no gain from the changes would be a setback for the administration and give some Democrats an excuse to deny Trump a major political victory.
The European Union is ready to start talks on a trade agreement with the United States and aims to conclude a deal before year-end. The EU approved two areas for negotiation, opposed by France with an abstention from Belgium. But agriculture was not included, leaving the 28-country bloc at odds with Washington, which has insisted on including farm products in the talks.
Tariffs are taxes that Americans pay. These taxes are being paid by American farmers, retailers, manufacturers, businesses and consumers. Based on monthly tariffs on imports Americans have paid thus far, every second the trade war drags on costs Americans $1,155. While that number alone is far too high, it doesn't include the cost of retaliatory tariffs that are causing exports to plummet, or the price of programs that are paying our farmers for the losses they have incurred, or the tariffs’ ripple effects on the broader U.S. economy. It also doesn’t include the cost of uncertainty the trade war has created that is preventing American businesses from being able to plan for the future, invest and grow.
The Food and Drug Administration has become more active in regulating cannabidiol (C.B.D.) products. The agency sent warning letters dated March 28 to three companies marketing C.B.D. products with “egregious and unfounded claims that are aimed at vulnerable populations,” the agency said. The F.D.A. also has scheduled a May 31 public hearing to discuss how C.B.D. products may be marketed legally. “As our actions today make clear, the F.D.A. stands ready to protect consumers from companies illegally selling C.B.D. products that claim to prevent, diagnose, treat or cure serious diseases, such as cancer, Alzheimer’s disease, psychiatric disorders and diabetes,” said Scott Gottlieb, M.D., commissioner of the F.D.A “The agency has and will continue to monitor the marketplace and take enforcement action as needed to protect the public health against companies illegally selling cannabis and cannabis-derived products that can put consumers at risk and are being marketed and distributed in violation of the F.D.A.’s authorities.”
The European Union is ready to start talks on a trade agreement with the United States and aims to conclude a deal before year-end, European Trade Commissioner Cecilia Malmstrom said. The EU approved two areas for negotiation, opposed by France with an abstention from Belgium. But agriculture was not included, leaving the 28-country bloc at odds with Washington, which has insisted on including farm products in the talks.
The U.S. Environmental Protection Agency will unveil a proposal to speed state-level permitting decisions for energy infrastructure projects soon, the agency’s chief told Reuters, blasting states that have blocked coal terminals and gas pipelines on environmental grounds.
Indiana Natural Resources Conservation Services announced that there is funding available through the Environmental Quality Incentives Program for farmers who are voluntarily looking to invest in conservation practices that will help improve water quality in the Western Lake Erie Basin. Gerald Roach, assistant state conservationist for programs with NRCS, said counties in the Western Lake Erie Basin include portions of Adams, Allen, DeKalb, Wells, Noble and Steuben.Landowners who have acreage in the following watersheds may be eligible for funding: St. Joseph-Maumee, St. Mary’s, Upper Maumee and Auglaize.
Canada is revamping its list of U.S. products facing retaliatory tariffs, its ambassador to the U.S. said Monday, in the latest sign the Trump administration isn’t moving to lift its steel and aluminum duties. Apples, pork, ethanol and wine could be on the updated list.
A plan to address a shrinking supply of water on a river that serves 40 million people in the U.S. West is headed to President Donald Trump. The U.S. House and Senate approved the Colorado River drought contingency plan. Arizona, California, Colorado, Nevada, New Mexico, Utah and Wyoming spent years negotiating the drought plan. They aim to keep two key reservoirs from falling so low they cannot deliver water or produce hydropower.Mexico has promised to store water in Lake Mead on the Arizona-Nevada border if the U.S. legislation is approved by April 22.