Canada's trade deficit in May narrowed after a record-breaking deficit in April as total exports rose and imports fell even as the impact of U.S. tariffs dented shipments south of the border, data showed on Thursday.
Tag Archives international trade
Canada’s trade deficit narrows in May, US exports drop to lowest since pandemic
Exports to countries other than U.S. rise, but not enough to offset losses like canola exports to China
EU and Mexico revive stalled trade deal as Trump tariffs loom
The two parties are seeking to add farm produce, services, investment and other goods to the agreement
The European Union and Mexico revived a stalled free trade agreement on Friday, days before the return to the White House of Donald Trump, who has threatened both sides with tariffs.
ICE Weekly: Canola market suddenly in a very bad position
China caused a great deal of turmoil in the canola market on Sept. 3, leading prices to tumble on the Intercontinental Exchange. To senior market analyst Mike Jubinville of MarketsFarm, China dramatically changed canola’s outlook in fell swoop. The Chinese government announced that it was launching an investigation into alleged canola dumping by Canada. This […] Read more
China hits Canada with anti-dumping probe on canola imports in response to EV tariffs
Beijing | Reuters – China said on Tuesday it plans to start an anti-dumping investigation into canola imports from Canada, after Ottawa moved to impose tariffs on Chinese electric vehicles, lifting prices of domestic rapeseed oil futures to a one-month peak. Canada has followed the lead of the United States and European Union, and announced […] Read more
EU pork industry faces ‘nightmare’ if China restricts imports
Hamburg | Reuters – Europe’s pork industry faces a “nightmare scenario” of lower prices and falling profitability if China restricts imports from the region, industry executives and analysts said on Friday. Chinese firms have asked for an anti-dumping probe into pork imports from the European Union, state-backed Chinese media reported on Friday, escalating tensions after the bloc […] Read more
Pulse weekly: Canadian pulse exports slowing
Glacier FarmMedia – Canadian pulse exports are showing signs of slowing down entering the final months of the 2023/24 marketing year, as end users turn their attention to the looming availability of new crop supplies. Canada has exported 1.286 million tonnes of lentils during the crop year-to-date, running about 25 per cent behind the pace […] Read more
U.S. shuns free trade agreements
Senators rake the U.S. Trade Representative over the coals for the Biden administration’s trade policy agenda
Virginia Houston, director of government affairs with the American Soybean Association, says president Joe Biden’s administration feels FTAs pit U.S. domestic industries against one another.
How Kubota blocked the greys
A brief U.S. history lesson
While the majors such as CNH, Deere and Agco have long warned that farmers shop in the grey market entirely at their own risk, Kubota went so far as to get a government-enforced ban on such imports into the U.S. market. In February 1996, Kubota filed a complaint with the U.S. International Trade Commission, in […] Read more
Australia says China has lifted some restrictions on meat imports
Aussie trade minister calls it a positive step in improving relations between the countries
Australia's trade ministry said on Tuesday that China had lifted restrictions on imports of meat from three Australian abattoirs, in the latest sign of improving relations between the two countries.
Cattle producers need to support CCA on ‘a bad deal’
UK should be kept out of trade agreement until it accepts Canadian meat products
Editor’s note: Earlier this year it was announced that the Canadian government was considering a plan for the United Kingdom to join a major international trade agreement known as the Comprehensive Progressive Agreement for Trans-Pacific Partnership (CPTPP). The move has raised the ire of the Canadian meat industry, which has been angry for years over […] Read more
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