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U.S. congress reaffirms support for sugar policy

Aug 08, 2024
By Farms.com

Bipartisan agreement on importance of sugar policy

 

At the International Sweetener Symposium, bipartisan leaders from both houses of Congress expressed unwavering support for the U.S. sugar policy, a cornerstone for the forthcoming farm bill discussions. This gathering of agricultural leaders highlighted the strategic importance of the sugar industry to the national economy.

House Ag Committee Ranking Member David Scott stressed the essential nature of sugar, remarking on its undeniable importance to everyday life and the agricultural sector. His perspective was echoed by House Ag Chair GT Thompson, who outlined the economic pressures on farmers such as escalating costs and diminishing returns, advocating for enhanced policy measures in the next farm bill to aid sugar growers and processors.

Senate Ag Chair Debbie Stabenow praised the sugar sector's contribution, noting, “Sugar is sweet, but your role in the American economy is sweeter,” which encapsulates the sentiment of the symposium's discussions.

These statements from leading congressional figures signify a robust backing for strengthening sugar policy in the upcoming legislative agenda.

The support aims to ensure that sugar farmers and processors receive the necessary protection and encouragement to thrive in an increasingly challenging market, thereby securing their critical contribution to the U.S. economy.


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Canada reaches tariff deal with China on canola, electric vehicles

Video: Canada reaches tariff deal with China on canola, electric vehicles

Canada has reached a deal with China to increase the limit of imports of Chinese electric vehicles (EVs) in exchange for Beijing dropping tariffs on agricultural products, such as canola, Prime Minister Mark Carney said on Friday.

The tariffs on canola are dropping to 15 per cent starting on March 1. In exchange for dropping duties on agricultural products, Carney is allowing 49,000 Chinese EVs to be exported to Canada.

Carney described it as a “preliminary but landmark” agreement to remove trade barriers and reduce tariffs, part of a broader strategic partnership with China.