Trade

Oil jumped more than two percent this week after military tensions flared up near the Strait of Hormuz, putting traders on high alert.

The American Sheep Industry Association is in the middle of a federal trade fight over lamb imports. They've even set up a fund called the Guard Dog Fund to cover the legal and economic costs of the case.

From Halifax Harbour to Niagara Falls, Canadian tourism operators are having a strong summer. Visitor numbers are climbing, with Canadians choosing domestic trips and Americans making the most of their stronger dollar north of the border.

U.S. and Mexican dairy leaders met in Querétaro last month, agreeing to share knowledge and open new doors for the next generation of farmers in both countries.

Washington State potato growers were counting on a trade deal with Japan to open fresh potato access — it didn't happen, but the state's Potato Commission says other markets are still in play.

For years, Washington potato growers had more overseas demand than they could handle. That has changed, with exports dropping around 10 percent as China and India become serious competitors in the same markets.

U.S. dairy farmers say Canada never fully honored its USMCA commitments, and now the White House is responding with a 50% tariff on Canadian dairy imports under a 1930s-era trade law.

Mexico's ambassador to the U.S. says the clock is ticking on the USMCA review, with new trade talks scheduled for Tuesday in Mexico City between U.S. and Mexican officials.

U.S. beef brought in over $818 million in export value last May, the strongest per-head return in four years, while suspended plants in China continue to hold back an estimated 2 billion dollars in sales.

The U.S. just shifted USMCA to annual reviews instead of renewing it long-term — and for dairy farmers, that matters. Mexico alone bought 2.58 billion dollars worth of U.S. dairy last year.