Trade Negotiations Appear To Remain Low Priority Heading Into 2022
Ag economists are skeptical that Washington will make a significant effort on trade deals in the next year. That includes Rob Fox, director of CoBank’s Knowledge Exchange, who describes himself as an advocate for more trade deals. He says with the political gridlock even worse, the administration and lawmakers aren’t focused on pursuing trade deals that can open up more opportunities for American producers.
A recent survey found that the U.S. has signed just four trade deals in the past decade, while Canada and the European Union have each signed twice as many.
Rob Fox is director of CoBank’s Knowledge Exchange, which annually releases an outlook of the U.S. rural economy.