International Agri Insights: US-China trade tensions: thrust and counter-thrust

  • The US Congress has not yet formally ratified the US Mexico Canada Agreement – the replacement for the North American Free Trade Agreement – and its ratification faces potentially significant Congressional opposition.
  • The EU and the US are attempting to reach an agreement to begin negotiations on a broad range of trade issues, with the EU insisting agriculture will not be part of the negotiations and the US insisting it must be included.
  • President Trump is currently negotiating directly with the Prime Minister of Japan on tariff reductions on US agriculture, but no final outcome is yet in place.

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Nathan Penny

Senior Rural Economist

Nathan's bold predictions and his ability to call it as he sees it sets him apart from other New Zealand rural economists.  In particular, his controversial, but ultimately successful $6.00/kg MS 2016/17 milk price forecast is case in point.

He has a natural talent to distil complex issues and translate them into user-friendly formats for diverse groups, including farmers and financial markets participants.  Nathan brings unique perspectives and thought leadership to the country's rural and broader export sectors.  

Nathan joined ASB as the Rural Economist in 2013, having cut his teeth at the New Zealand Treasury.  He hails from the Kapiti Coast and studied at Massey University where he graduated with a Master of Applied Economics.

Nathan's expertise lie in dairy and other commodity markets, trade economics and economic forecasting.  He's a leading GlobalDairyTrade auction and NZX dairy derivatives commentator and he also authors ASB's monthly rural publication, Farmshed Economics.  

He's a proud Hurricanes and Wellington Phoenix fan, and will gladly discuss at length the Hurricanes Super Rugby 2016 victory.

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