“Supply chains don’t move overnight,” says Keychain CEO Oisin Hanrahan. “Above all, people don’t want to be caught flat-footed.”
There is “a misconception that tariffs reduce trade deficits,” says economist Joseph Gagnon at the Peterson Institute for International Economics. “Well they don’t.”
“If he goes ahead, it’s going to have enormously consequential and negative impacts on American manufacturing and agriculture,” predicts Dent.
A resounding win for Donald Trump in the US election is prompting enthusiasm in some quarters of the food industry and intense anxiety in others.
“Across the board tariffs applied to Mexico and Canada would violate the USMCA, full stop,” says economist Jeffrey Schott. “There definitely would be a lot of litigation against the US action by domestic and foreign groups.”
Both candidates could have far-reaching impacts on the food industry, from Trump’s plans to let RFK ‘go wild’ on food & health to Harris’ proposal to increase the corporate tax rate.
Redrawing the rules of the food system could support close to 50 billion people globally and upend the geopolitical side effects of the Green Revolution.
The three-day event in St. Louis will explore how we can build a more secure food system — and what we must do to take action right now.
With so much of the world’s food and fertilizer — and tech prowess too — coming from Ukraine and Russia, we’re facing yet another global food crisis.
Cyberattacks, disinformation, and buyouts are weapons in the warchest for sovereign states that want to close the competitive gap with a rival country’s ag sector.
Governments should recognize the risks of foodborne disease; but to ensure food security, they must avoid excessive restrictions on moving goods and people.
The heavyweight list of project owners includes ADM, Bunge, Cargill, COFCO, Louis Dreyfus Company, and Glencore Agriculture.
It’s too soon for blockchain, according to a new trade association that says the industry first needs to convert paper documents in envelopes to a unified digital system.
Analysts and media sources argue that it’s still too early to know what actions President-elect Trump will take in the food and ag sector, but his rhetoric and campaign pointed to 4 potential policies on trade, immigration, USDA, and regulation.
