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Day ahead – November 19, 2018: Grassley shifts to Senate Finance, Smithfield, US ag trade aid, China barley probe
Senate Judiciary Chairman Chuck Grassley (R-Iowa) has decided to move to chair the Senate Finance Committee in the next Congress. Meanwhile, Smithfield Foods cancelled a sale of pork under USDA's trade aid package and China launched an anti-dumping investigation into barley imported from Australia.
Russia is once again blocking the movement of US chicken meat to Kazakhstan in a move that could put fresh strains on relations within the Eurasian Economic Union (EAEU).
Day ahead – November 16, 2018: Hatch on tax extenders, USDA notes pork trade impacts, Trump to visit California
Several expired tax incentives seem likely to get renewed during the lame-duck session, Senate Finance Chairman Orrin Hatch (R-Utah) said Thursday. Meanwhile, USDA said hog producers continue to be impacted by tariffs from both China and Mexico, and President Donald Trump will visit California to meet with people impacted by deadly wildfires.
Mostly positive impacts are expected for US grain and dairy stakeholders should the US-Mexico-Canada Agreement (USMCA) take effect, the top groups representing both industries said in testimony before the US International Trade Commission (USITC) November 15.
Day ahead – November 15, 2018: High-level US-China trade talks, global economic growth concerns, slowdown in container trade
Senior Chinese and US officials are “maintaining close contact” following a phone call last week between the country's two leaders, China’s Ministry of Commerce said. Meanwhile, signs of a global economic slowdown are mounting and shipping company Maersk said the US-China trade war has weighed on the global container trade.
The Animal Welfare Institute (AWI) has sued USDA for failing to require third-party audits for animal raising claims, such as “humane” and “sustainable,” that have become increasingly popular in recent years.
Day ahead – November 14, 2018: Pence on US-China trade issues, US-EU trade meeting, October US budget deficit
Vice President Mike Pence commented on the US-China trade war. Meanwhile, US and European Union (EU) trade officials meet today ahead of formal negotiations set for next year and the October US budget deficit topped $100 billion.
The EU is allowing two US states, Massachusetts and Washington, to export shellfish to the 28-nation bloc as the first step in an equivalency programme between Europe and the Food and Drug Administration (FDA).
Day ahead – November 13, 2018: US-China trade talks, Arizona Senate race, South Korea ASF quarantine actions
US-China trade policy talks have resumed with Chinese officials set to visit Washington shortly. Meanwhile, Democrat Kyrsten Sinema won Arizona's hard fought Senate race and South Korea stepped up actions intended to prevent African swine fever (ASF) from entering the nation.
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