Afternoon Coffee: Trump Says ‘No Rush’ to Reach NAFTA Deal, World’s Top Pork Supplier Rushes to Contain Swine Fever

Hoda Bogdan/Adobe Stock

The renegotiation of the North American Free Trade Agreement need not be rushed, President Trump said Thursday, emphasizing that a deal without major breakthroughs was not worth pursuing. The remarks came as Mexican negotiators were in Washington to discuss issues around the auto industry and labor standards, while Canada stood on the sidelines of the latest talks.

Swine Fever 

WH Group, the world’s largest pork supplier, was ordered by the Chinese government Thursday to shut a major slaughterhouse to stop the spread of deadly African swine fever, Reuters reports. The outbreak, the second in two weeks for the company, pushed pig prices lower Friday.

ILA Contract

The International Longshoremen’s Association (ILA) is urging its members to approve an $18.3 billion labor deal with the United States Maritime Alliance (USMX) that would secure port labor relationships through 2024, according to Supply Chain Dive. A major feature of the deal is its prohibition on fully automated terminals and equipment, creating a model for workforce protection as technology begins to threaten more jobs.

Japan Trade 

And finally, a trade update: Japan posted a larger-than-expected trade deficit in July, due to a drop in car exports to the U.S. and increased imports of crude oil and medical supplies, MarketWatch reports. The country’s trade deficit widened to Y231 billion ($2.08 billion) in July, with exports to the U.S. falling 5% from a year ago.

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