On Wednesday, January 29, President Trump signed the United States-Mexico-Canada Agreement (USMCA). Today I’ll review the economic impact of agricultural exports from Texas, and the Texas 13th Congressional District to Canada and Mexico, our two USMCA trading partners. [Read more…] about High Plains Ag Week 1/31/2020
In anticipation of the final approval of USMCA, we’ll cover the importance of U.S. agricultural exports to the U.S. and Canada. It’s our last High Plains Ag Week before the break. We’ll be back on Friday, January 3. See you next decade. [Read more…] about High Plains Ag Week 12/20/2019
The U.S. announced 25% tariffs on certain goods from the European Union, including agricultural goods. Today I discuss what it is we import from European countries, and some of the progress on a trade deal between the U.S. and China. [Read more…] about High Plains Ag Week 10/25/2019
The big news for farmers and ranchers this week was the signed partial trade deal between the United States and Japan focusing on agriculture. [Read more…] about High Plains Ag Week 9/26/2019
What is it? How do we calculate it? Written with Dr. Luis Ribera, Associate Professor and Extension Economist, Texas A&M AgriLife Extension.
[Read more…] about ‘It Depends’ – What’s the deal with the trade deficit?
As of Friday morning, the United States has levied 25% tariffs on nearly one-third of all Chinese products in response to President Xi Jinping of China reportedly reneging on parts of a drafted agreement presented to him post-negotiation by U.S. and Chinese officials. Tariffs and trade disputes have been front-page news for over a year now, and I get questions about them all the time. The details of how tariffs work aren’t hard to understand, but sometimes the economic consequences are. With tariffs back in the news I thought I’d take a moment to explain (written and graphically as we had to do in my graduate trade class) how these tariffs actually work. [Read more…] about ‘It Depends’ – How do all these tariffs actually work?