World Perspectives

Recent Macroeconomics Analysis

New Trade Agenda; Walk the Meat Talk

New Trade Agenda Tomorrow will present the Senate Agriculture Committee’s first hearing in preparation for writing a new Farm Bill and the first two topics are trade, and horticulture. It will be the first hearing for newly confirmed USDA Under Secretary for Trade Alexis Taylor. The line...

Philippines Agriculture; Future Trade Policy

Philippines Agriculture After remittances from overseas, agriculture and fisheries are the most important industries in the Philippines. A country of 114 million people of which one-quarter are engaged in agriculture. It is such an important sector that President Ferdinand “Bongbong&rdquo...

USTR Downgraded; Lightweight Committee

USTR Downgraded The Office of the U.S. Trade Representative sits inside the Executive Office of the President. No different than other offices situated under the umbrella of the White House, it serves as both a lead and a coordinator amongst the various departments and agencies. Typically, depa...

Dirty Deal; Standards Battle

Dirty Deal During the early days of negotiating the Uruguay Round, industry leaders fretted that trade liberalization aspirations would be thwarted by protections sought by agriculture. Spin forward nearly four decades and the reverse concern is at hand – sacrificing U.S. corn exports to...

Foreign Desk at State; IRA Confusion; Grain is Value-added Water

Foreign Desk at State Under Secretary Jose Fernandez has proved that an American desk is needed at the State Department. Speaking at the Center for Strategic and International Studies, the tin-eared Fernandez said that market access is not as important as it used to be because U.S. tariffs are...

Policy Shorts

Mexico Shrug U.S. trade officials meeting with their Mexican counterparts raised "grave concerns" over AMLO’s agricultural biotechnology policies and said modifications proposed thus far are inadequate. They committed to fully defend U.S. rights under the USMCA. The issue carries urgency...

Anticipating GDP Release

GDP for Q4 2022 will come out on Thursday of this week; the consensus expectations is for 2.5 percent growth. But the question is what lies ahead for 2023? Consider, since Q3 2020, a huge increase in the M2money supply pulled the economy out of the Q2 COVID lockdown recession. That lead to grow...

“Friend” Shoring; Better Grain Corridor; Food versus Fuel Germany

“Friend” Shoring WTO Director General Ngozi Okonjo-Iweala warned countries against the fallacy of friend shoring. She posed the questions: who is a friend? and will they be a friend tomorrow? These questions are appropriate to ask when it comes to India. Although a democracy, India...

Lake Geneva; Farm Bill/China

Lake Geneva Switzerland officially notified the WTO today that it will formally agree to the agreement on fisheries subsidies. WTO Director General Ngozi Okonjo-Iweala immediately pronounced that Switzerland’s acceptance will spur “real momentum” toward widespread adoption. Th...

Industrial Policy is Back; Interest Rate Impacts

Industrial Policy is Back At Davos, USTR Kathrine Tai pitched her “worker-centric” trade policy while other American representatives defended new EV subsidies. Europe made its pitch for strategic autonomy and is now working on its own new subsidy plans. Agricultural subsidies are ba...

Sucker Punch Instead of a Gut Blow

Former WTO spokesperson Keith Rockwell criticizes the Biden Administration for pursuing partnerships that lack the key word “trade.” President Biden insisted he wanted to rebuild the U.S. domestic economy before reengaging in trade talks, though he has pursued agreements with the Am...

Killing the Golden Goose II

Big Ag continues to be the focus of attacks by populists who nostalgically, though without substantiation, insist that food from small and local is environmentally and socially superior. It is important to first understand the unique role played by agriculture.  The agriculture sector cont...

New Trade Agenda; Walk the Meat Talk

New Trade Agenda Tomorrow will present the Senate Agriculture Committee’s first hearing in preparation for writing a new Farm Bill and the first two topics are trade, and horticulture. It will be the first hearing for newly confirmed USDA Under Secretary for Trade Alexis Taylor. The line...

Philippines Agriculture; Future Trade Policy

Philippines Agriculture After remittances from overseas, agriculture and fisheries are the most important industries in the Philippines. A country of 114 million people of which one-quarter are engaged in agriculture. It is such an important sector that President Ferdinand “Bongbong&rdquo...

USTR Downgraded; Lightweight Committee

USTR Downgraded The Office of the U.S. Trade Representative sits inside the Executive Office of the President. No different than other offices situated under the umbrella of the White House, it serves as both a lead and a coordinator amongst the various departments and agencies. Typically, depa...

Dirty Deal; Standards Battle

Dirty Deal During the early days of negotiating the Uruguay Round, industry leaders fretted that trade liberalization aspirations would be thwarted by protections sought by agriculture. Spin forward nearly four decades and the reverse concern is at hand – sacrificing U.S. corn exports to...

Foreign Desk at State; IRA Confusion; Grain is Value-added Water

Foreign Desk at State Under Secretary Jose Fernandez has proved that an American desk is needed at the State Department. Speaking at the Center for Strategic and International Studies, the tin-eared Fernandez said that market access is not as important as it used to be because U.S. tariffs are...

Policy Shorts

Mexico Shrug U.S. trade officials meeting with their Mexican counterparts raised "grave concerns" over AMLO’s agricultural biotechnology policies and said modifications proposed thus far are inadequate. They committed to fully defend U.S. rights under the USMCA. The issue carries urgency...

Anticipating GDP Release

GDP for Q4 2022 will come out on Thursday of this week; the consensus expectations is for 2.5 percent growth. But the question is what lies ahead for 2023? Consider, since Q3 2020, a huge increase in the M2money supply pulled the economy out of the Q2 COVID lockdown recession. That lead to grow...

“Friend” Shoring; Better Grain Corridor; Food versus Fuel Germany

“Friend” Shoring WTO Director General Ngozi Okonjo-Iweala warned countries against the fallacy of friend shoring. She posed the questions: who is a friend? and will they be a friend tomorrow? These questions are appropriate to ask when it comes to India. Although a democracy, India...

Lake Geneva; Farm Bill/China

Lake Geneva Switzerland officially notified the WTO today that it will formally agree to the agreement on fisheries subsidies. WTO Director General Ngozi Okonjo-Iweala immediately pronounced that Switzerland’s acceptance will spur “real momentum” toward widespread adoption. Th...

Industrial Policy is Back; Interest Rate Impacts

Industrial Policy is Back At Davos, USTR Kathrine Tai pitched her “worker-centric” trade policy while other American representatives defended new EV subsidies. Europe made its pitch for strategic autonomy and is now working on its own new subsidy plans. Agricultural subsidies are ba...

Sucker Punch Instead of a Gut Blow

Former WTO spokesperson Keith Rockwell criticizes the Biden Administration for pursuing partnerships that lack the key word “trade.” President Biden insisted he wanted to rebuild the U.S. domestic economy before reengaging in trade talks, though he has pursued agreements with the Am...

Killing the Golden Goose II

Big Ag continues to be the focus of attacks by populists who nostalgically, though without substantiation, insist that food from small and local is environmentally and socially superior. It is important to first understand the unique role played by agriculture.  The agriculture sector cont...

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