Trade Deficit Focus The U.S. trade deficit for goods and services declined slightly in June for the second month in a row but the overall annual number is headed toward more than $1 trillion for a third year in a row. China remains the largest source for deficit goods trade despite a shift toward Mexico and Vietnam as prime suppliers. The U.S. had a rare agricultural trade deficit of $3 billion in 2022 and is headed toward an even larger deficit in 2023. Trade policy has not been a large topic thus far in the 2024 presidential race, though China is, and the typical rant is to revoke China’s permanent Normal Trade Relations status. Republicans trying to out-hawk one another and President Biden on China will be the common theme,...
A federal appeals court paused a USITC ruling against President Trump’s use of Section 122 to impose 10-percent global tariffs. A bipartisan group of 80 House members asked USTR to investigate specialty crop imports from Mexico for unfair trade practices. India notified the WT...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.