The United Nations’ Food and Agriculture Organization has reported the cost of meat increased 8.1 percent this past year across the world.
In a statement released last week the USDA says some countries are placing restriction on U.S. trade that are “more than necessary.”
With the smallest beef herd in the U.S. since the 1950’s, imports of beef from Australia are expected to rise for the 2014-15 marketing year.
President Obama would veto the current tax extenders bill that Congress is writing, because the bill does not include tax breaks for the middle class according to a report.
Little change is expected in the relationship between the U.S. and Japan following the midterm elections but it remains unclear on what Republican control of Congress means for Trans-Pacific Partnership negotiations.
U.S. Trade Representative Michael Froman said last week the final agreement on the Trans-Pacific Partnership won’t be made at the Asia-Pacific Economic Cooperation Summit this month in Beijing.