A rapid deterioration of the U.S.-Mexico trade relationship is causing alarm within the U.S. agricultural sector, and industry groups are voicing concerns.
The Office of the U.S. Trade Representative launched an enforcement action against Canada in December, and farmers and agricultural organizations are eagerly waiting to see how the disagreement unfolds under the new Biden administration.
The European Union’s recent retaliatory tariffs on agricultural goods stand to affect Virginia agriculture, but Virginia Farm Bureau is optimistic the Biden administration can work toward resolving trade tensions.
The effects of the pandemic on U.S. trade resulted in negative agricultural trade balances in March and April.
Despite challenges, experts see a path forward to enhance agricultural trade for the U.S.; and Virginia’s farmers have a stake in the health of that global commerce stream.