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Washington Continued from page 7 percent by volume, with some sectors being much higher.” The groups explained that targeted economies – including China, Mexico, and Canada – are major US markets. “US agricultural exports in FY fiscal year 2016 were nearly $27 billion to China, over $24 billion to Canada, and nearly $19 billion to Mexico,” the groups wrote. “DisrupƟng US agricultural exports to these naƟons would have devastaƟng consequences for our farmers and the many American processing and trans- portaƟon industries and workers supported by these exports.” Also a head scratcher for most of agriculture is Trump’s decision to put the Department of Commerce in charge of trade iniƟaƟves for the administraƟon. Trump wants Commerce Secretary Wilbur Ross to “lead and steer” his administraƟon’s trade efforts, aided and abeƩed by former President Ronald Reagan trade guru Robert Lighthizer, Trump’s choice to be US Special Trade RepresentaƟve (USTR), and Peter Novarro, chair of Trump’s White House NaƟon Trade Council. Up to this point USTR was the lead administraƟon on trade negoƟaƟons. Commerce lacks any experƟse in treaty negoƟaƟng, generally being thought of as a staƟsƟcal repository, parƟcularly when it comes to ag trade. The trade council is new so no one has a clue what it is supposed to be doing. Senate Agriculture CommiƩee Chair Pat Roberts (R-KS) met with Lighthizer early on, stressing to him the need for agricultural exports to be protected and “an aggressive trade policy that involves agriculture is absolutely essenƟal.” Roberts said the Trump camp might be overcomplicaƟng its trade agenda by reorganizing the players. Trump will jump start, but he cannot complete several prioriƟes without the blessing of Congress. The two biggest goals of both Trump and Ryan are federal tax reform and infrastructure investment. On the tax reform front – an effort expected to take much of the first two years of Trump’s term – both GOP leaders want to see personal and corporate taxes restructured, with corporate rates slashed as first priority. The logic is that the top US corporate tax rate at 35 percent is so anƟ-compeƟƟve with the rest of the planet as to be the single moƟvator for US corporaƟons who have stashed nearly $1 trillion in profits overseas where tax rates are friendlier. A lower corporate tax rate, coupled with lower and fewer individual rates, means more US investment, more hiring, and so on. While the devil will be in the details, Ryan has already begun his drive to lower the corporate rate to around 15 percent while offering a one-Ɵme repatriaƟon of overseas profits. Trump is generally in line with this move as a major engine to drive economic growth and both agree a big chunk of the price tag for this reform will be the closing of various and sundry loopholes, several of which benefit only a single industry or a handful of companies. On infrastructure, this is a rewrite of the old Obama “shovel-ready” investment. Trump campaigned on the need to fix roads, bridges, waterways, and airports, and pledged to liŌ federal restricƟons on “$50 trillion worth of job-producing American energy reserves, including shale, oil, natural gas, and clean coal.” He plans to cancel “billions” in payments to the United NaƟon’s climate change iniƟaƟves, using the savings to “fix America’s water and environmental infrastructure.” And that is just the first 100 days. R Roll·Rite® Safely Tarps Rendering Trailers SAFETY FIRST A Roll·Rite® STS Series lock down tarp system is perfect for tarping rendering trailers. Our Rite·Touch™ with “one-touch” technology, a state-of-the-art controller, allows you to open or close your Roll·Rite tarp system with one quick touch of a button and keeps your drivers safely on the ground. Cover heaped loads efficiently, simply engage the switch for about one second, let go, and the controller automatically determines when the tarp should stop. Roll·Rite® builds the most reliable tarp systems with the best life cycle on the market, resulting in a lower total cost of ownership. Roll·Rite® STS Series Lock- Down Systems for Trailers RollRite.com 1-800-297-9905 www.rendermagazine.com Render February 2017 9


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