Evolving Biden Trade Policy Last year the Biden Administration was said to be focusing on prioritizing enforcement in trade policy and not negotiating new trade deals. The President’s foreign policy was said to focus on “the middle class” and promised no new trade talks until Washington undertakes “massive” domestic investments, with massive later described as “trillions of dollars.” Now USTR Katherine Tai says that lasting trade policy is focused on engagement more than enforcement mechanisms and has asked the ITC to investigate the impact of trade on the underserved. With the failure of the Build Back Better plan in Congress, the massive domestic investment has been $65 billion in th...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.