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U.S. packer profit margins jumped 300 per cent during pandemic, economists say

Increased costs don't explain higher profits, White House advisors say

Washington | Reuters — Four of the biggest meat-processing companies, using their market power in the highly consolidated U.S. market to drive up meat prices and underpay farmers, have tripled their own net profit margins since the pandemic started, White House economics advisers said. Financial statements of the meat-processing companies — which control 55 to […] Read more

U.S. Senator Elizabeth Warren, who is seeking the Democrats’ 2020 nomination for president, greets Ella Clare Campbell after speaking in Memphis on March 17, 2019. (Photo: Reuters/Karen Pulfer Focht)

Democratic contender Warren targets corporate agriculture

Washington | Reuters — Democratic presidential contender Elizabeth Warren took aim on Wednesday at agricultural conglomerates, promising her administration would break up big agribusiness mergers that she said have hurt family farmers. Warren, a U.S. senator from Massachusetts and a fierce Wall Street critic, released a broad plan that she said would make it easier […] Read more






U.S. President Donald Trump speaks April 18 at Snap-on Tools’ headquarters in Kenosha, Wisconsin. (Video screengrab from Whitehouse.gov)

White House readies order to quit NAFTA

Washington | Reuters — The White House is considering a draft executive order to withdraw the U.S. from the North American Free Trade Agreement, a senior Trump administration official said on Wednesday. It was unclear whether the order would be enacted by President Donald Trump, who has vowed to pull out from the U.S./Mexico/Canada trade […] Read more





Trump

Can a U.S. president sink NAFTA?

As Canadians who monitor American politics know, the Republican candidate Donald Trump has presented a confusing and threatening trade posture. He claims to favour free trade yet hates our trade deals and opposes the deal nearly all Canadian and American cattlemen see as critical to their future — the Trans-Pacific Partnership (TPP). He’s also said […] Read more