Trade is a moving target, and it takes the ability to adapt to be successful. It can be affected by government regulations, geopolitical disagreements, other trade agreements, price, product availability and so much more.
The trade issues of today are not going to be the same issues of a few months ago. The American Farm Bureau Federation (AFBF) is watching a few key trade relationships and how they are evolving.
AFBF Senior Director of Government Affairs Dave Salmonsen talks about the changes President Biden just made to our trade relationship with Russia. This is because of Russia?s invasion of its neighbor Ukraine.
Trade discussions with the United Kingdom have been ongoing for a few years. Since the UK left the EU, we have needed to have a one-on-one trade deal with them. Salmonsen says that U.S. Trade Representative Katherine Tai is continuing the dialogue.
During the trade war with China, the Trump Administration imposed Section 301 tariffs. The Biden Administration thinks it is time to revisit those tariffs.
