berries and bell peppers bellied out of the market by lowball prices from foreign competition.
“Sometimes the labor cost in Mexico is 25 cents a day,” Fried noted during testimony at the beginning of a day-long meeting about pressures on the industry.
For Florida, squash and cucumbers are just two of the farm commodities suffering because of competitive advantages for Mexican farmers.
Of Florida commodities, 20 of 24 saw market share decreases since 2000, and more than half saw a doubling share for Mexican imports. COVID-19 accelerated pressures from the import side, with imports continuing to surge in.
In her remarks, Fried described the “devastation” caused by “unfair foreign trade practices going unchecked,” causing an “economic fallout that has wreaked havoc” on the sector.
EV-Battery Rivals Prod Biden With Rare Trade Veto in Balance Source: By Susan Decker, Bloomberg • Posted: Thursday, April 8, 2021
Two of the world’s largest electric-vehicle battery makers have hired top Washington insiders to hold near-daily meetings with the Biden administration in a battle that could affect the electrification plans of Ford Motor Co. and Volkswagen AG.
SK Innovation Co., Ford’s battery supplier for its upcoming electric F-150 pickup truck, faces a 10-year U.S. import ban on its Korean-made batteries and components after April 11. SK Innovation has engaged such well-connected advocates as former EPA chief Carol Browner and one-time Acting Attorney General Sally Yates to convince the administration to intervene.
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WASHINGTON (Reuters) - U.S. President Joe Biden faces a Sunday deadline to decide whether to intervene in a trade dispute between two South Korean electric vehicle battery makers that could impact a Georgia factory and his push for more electric vehicles.
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The companies, LG Chem and rival SK Innovation Co, have spent months trying to take advantage of past and promised U.S. investments, and ties to politicians.
The Biden Administration, through the U.S. Trade Representative’s office, is set to decide as early as Friday whether to take the rare step of reversing the U.S. International Trade Commission (ITC), unless the Korean battery companies reach a last-minute settlement.
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President Biden, whose infrastructure plan includes $174 billion to boost electric vehicle sales and production, has been pulled into a global trade dispute over the fate of lithium ion battery factories in Georgia that threatens his EV goals.
President Biden is pushing hard to get more Americans to buy electric vehicles in order to rein in global warming and spur domestic manufacturing.
The $2 trillion infrastructure plan he is trying to sell to Congress includes about $174 billion to boost electric vehicle sales and production more than the president proposes spending on roads and bridges.
But Biden has now been pulled into a global trade dispute over the fate of lithium ion battery factories in Georgia that threatens his electric vehicle goals for the United States and the Democratic Party s fragile success in the key swing state.
South Korean EV Battery Makers Wait to See if Biden Will Reverse ITC Ban
Allowing plant to be built reduces replay of semiconductor crisis.
President Biden is facing a deadline on a decision that could aid in avoiding a replay of the semiconductor crisis with EV batteries.
The ongoing feud between two South Korean EV battery producers is coming to a head Sunday and President Joe Biden looks like he’s going to have to render the final decision.
Rivals LG Chem and SK Innovation were in a pitched battle about trade secrets, the former claiming the latter stole them. The