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Soaring demand from Americans for everything from iPads to cars is leading to a surge in freight crossing the Pacific, hitting business owners such as Nephew.
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A boom in American consumers’ online shopping during the pandemic has prompted a boost in imports from Asia. But that left U.S. agriculture products without a ride back. Many ships aren’t waiting to be loaded with agricultural goods at West Coast ports before heading back across the ocean with empty containers. Plus, the Trump administration’s trade war hit apples hard.
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More countries are imposing export restrictions on essential medical materials, to try to keep domestically produced goods — like masks, gloves and ventilators — available for domestic needs.
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Right now, all sorts of products aren’t reaching the U.S. because of the coronavirus outbreak that originated in Wuhan, China. Reciprocally, many U.S. agricultural and forestry products aren’t shipping back into China and other Pacific Rim countries. Global trade watchers say backed-up trade is building up on both sides of the Pacific Ocean.
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A delegation of Mexican government officials visited the Yakima Valley Monday to meet with dairy workers, most of whom are Mexican nationals. The group was looking to expand the role of the Mexican government in protecting the rights of workers.
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If there is a global war for tech talent, right now Canada is winning. And U.S. immigration policies are part of the reason.
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The recently signed Phase 1 U.S.-China deal promises some relief. Details remain unclear, but the United States government’s interpretation of this deal is that China will purchase $40 billion of agricultural goods in 2020. Some analysts have questioned how realistic those estimates are, given that the highest level of farm products the United States has ever exported to China was $26 billion in 2012, although one Chinese agricultural consultancy company says this can be achieved.
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While the new deal with China lowers some trade barriers, it leaves many tariffs in place. And it dictates that China buy more from the U.S., but that has other trading partners worried.
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One day after its historic impeachment votes, the Democratic-led House gave President Donald Trump an overwhelming bipartisan victory Thursday on a renegotiated trade agreement with Canada and Mexico. By a 385-41 vote, the House approved a bill that puts in place terms of the United States-Mexico-Canada Agreement.
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As part of the deal, the next round of 30% tariffs will not be imposed. More agriculture trade between the two countries is expected.