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      Chapter

      International Trade
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      Chapter

      International Trade

      DOI link for International Trade

      International Trade book

      Is It the Future of U.S. Agricultural Policy?

      International Trade

      DOI link for International Trade

      International Trade book

      Is It the Future of U.S. Agricultural Policy?
      ByJames L. Novak, Larry D. Sanders, Amy D. Hagerman
      BookAgricultural Policy in the United States

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      Edition 2nd Edition
      First Published 2022
      Imprint Routledge
      Pages 17
      eBook ISBN 9781003229780
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      ABSTRACT

      This chapter provides an overview of past and current US trade policy, as well as a primer on the rationale for trade policy. The twenty-first century saw an increased liberalization of international trade, a trend which influenced future domestic agricultural policy. Trade barriers that harm a country often lead to it retaliating in the form of imposing countervailing import restrictions or subsidizing their exports. Trends suggest continued growth for US exports and imports, a continuing trade deficit with Canada, economic development and growth in Mexico, and a continued trade surplus with Mexico. Canada and Mexico continue to be the top agricultural export markets for the United States. Mexico and Canada reached separate bilateral North American Free Trade Agreement agreements on market access for agricultural products, eliminating most tariffs over 15 years, except for those affecting trade in dairy, poultry, eggs, and sugar.

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