The impact of elections on global trade

Published Jun 15, 2024

Tridge summary

The National Cattlemen’s Beef Association's trade expert, Kent Bacus, discusses the potential impact of upcoming elections on U.S. trade relationships, with a particular focus on agriculture. He expresses skepticism about the near-term prospects of improved trade with Mexico, despite its recent election. The U.S., Canada, and Mexico are set to reassess their trade agreement in the future. Bacus also highlights the importance of trade agreements to the UK, following its upcoming election, and expresses concerns over the potential impact of tariffs, particularly on agriculture, in light of the presidential election candidates' views. Bacus advocates for predictable trade practices to foster economic growth and says the focus should be on opening and developing markets, and removing trade barriers.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

It’s a big year for elections around the globe and a trade expert with the National Cattlemen’s Beef Association says it could have significant implications on trade relationships with the U.S. Kent Bacus tells Brownfield while Mexico’s recent election was historic, but “I don’t have a lot of hope for things turning around in the short run.” He says the beef cattle industry is in a good position for continued business with Mexico, but there are broader economic pressures. Bacus says the U.S., Canada, and Mexico will meet next year to reevaluate the trade agreement between the three countries. “I’m hopeful that cooler heads prevail and that we’re able to build on the good foundation we have with the USMCA,” he says. “I hope we can avoid a lot of these self-inflicted wounds and pitfalls that the Mexican government policies have perpetrated.” He says he’s also watching the July 4th election in the United Kingdom. “Regardless of political positions, they’re going to need to seek out ...
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