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Day ahead – Dec. 2, 2019: USMCA prospects, Section 232 tariffs, Hormel on ASF risks

Negotiators signal USMCA deal may be close, Trump puts steel and aluminum tariffs back on Brazil and Argentina; Hormel sees ASF as 2020 risk factor

Final terms of the US-Mexico-Canada Agreement (USMCA) could be completed this week, paving the way for a House vote on the deal, according to the top Mexican trade negotiator. Meanwhile, President Donald Trump reimposed Section 232 steel and aluminum tariffs on Argentina and Brazil and Hormel cited African swine fever (ASF) as a major risk factor for the company in 2020.

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