NAFTA

Trade negotiators for the United States, Canada and Mexico are running out of time to complete an overhaul of the North American Free Trade Agreement, making it likely the effort won't be completed this year.

The failure to complete the deal would be a political setback for President Trump, who has repeatedly vowed to scrap NAFTA and replace it with something better.

House Speaker Paul Ryan has said that under timetables imposed by a 2015 law, the three countries need to complete a deal by Thursday if Congress is to pass a new treaty before the November midterm elections.

Nicole Erwin, Ohio Valley ReSource

Dairy farmers in the Ohio Valley are feeling pressure from a market that is flooded with milk. Prices have plummeted amid supply from foreign producers and larger operations squeezing out small farmers. The crisis has dairy farmers rethinking the U.S. market system and looking to other countries for solutions.   

Nicole Erwin, Ohio Valley ReSource

  China buys more than half of the soybeans grown in the Ohio Valley. So China’s threat this week to place a 25 percent tariff on U.S. soy means farmers would be caught in the crosshairs of a trade war.

Kentucky Chamber of Commerce, via Facebook

The Kentucky and Ontario Chambers of Commerce released a statement on Wednesday in support of the North American Free Trade Agreement.

Automakers are watching closely as the Trump administration tries to renegotiate the North American Free Trade Agreement, and the latest round of talks is under way in Mexico City this week.

NAFTA touches almost every business sector — few more than the car industry. Automakers say that changing the agreement could boost their costs and make them less competitive.

Still from White House video.

When President Trump spoke to the American Farm Bureau annual convention this month he focused on the regulatory rollbacks and tax cuts that motivated many farmers to help vote him into office.

Nicole Erwin, WKMS

  Kentucky’s Agriculture Commissioner would like to see Kentucky country ham in Japan and beef in China. Commissioner Ryan Quarles said to make that happen he is adding a full-time international marketing position to his department.

Updated at 4:45 pm ET

President Trump thanked America's farmers for their political support on Monday and unveiled a plan designed to help revive fortunes in struggling rural areas. At the same time, the president is pursuing trade and immigration policies that could be harmful to farmers' bottom lines.

When negotiators for the United States, Canada and Mexico wrapped up the latest round of trade talks in Washington on Tuesday, they sounded frustrated — and far apart.

From cars to cows, they have big disagreements over how the North American Free Trade Agreement should work. In fact, the disputes appear so big, they may be threatening the future of NAFTA.

So officials have agreed to delay their next meeting — pushing off its start in Mexico City until Nov. 17; they originally had planned to meet later this month.

President Trump made his view of the North American Free Trade Agreement very clear during the presidential election. He called NAFTA "the worst trade deal in ... the history of this country." And Trump blamed NAFTA for the loss of millions of U.S. manufacturing jobs.

His administration is in the midst of renegotiating the free trade deal with Canada and Mexico, and that is making many U.S. farmers and ranchers nervous.

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