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U.S. Trade Representative Jamieson Greer attends the opening ceremony of APEC Ministers Responsible for Trade Meeting at International Convention Center in Seogwipo on Jeju island, South Korea, May 15, 2025. REUTERS/Kim Hong-Ji
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APEC Ministerial Overshadowed by Trump Tariffs |
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While there was little immediate impact for U.S. agricultural interests, APEC seems to be pursuing progress on longer term issues that may benefit U.S. agriculture in regards to food safety standards, sustainable biofuels, and leveraging technology to modernize farming practices. Stephen Olson, non-resident fellow of the Yeutter Institute and senior adjunct fellow at the Pacific Forum, covers the Asia-Pacific Economic Cooperation (APEC) Ministers Responsible for Trade forum that took place in Jeju, South Korea on May 15th and 16th.
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Analysis
"The real action took place on the sidelines, as trade ministers from APEC economies facing reciprocal tariffs jockeyed for meeting time with the U.S. Trade Representative Jamieson Greer. In fact, when Greer's participation was confirmed, a number of countries that had only intended to send deputy ministers sent their senior ministers in order to engage Greer directly and continue negotiations aimed at averting the tariffs.
As with many 'behind closed door' meetings, little was reported in terms of the outcome of any of these sessions, but with the 90-day window to conclude negotiations rapidly winding down, any opportunity for senior officials to continue the discussions is potentially crucial. This is even more true now as it has become clear that there will be insufficient time to conclude agreements with every country seeking one. Instead, President Trump has stated that the U.S. would simply inform countries without agreements of the reciprocal tariff they'll be facing—a deeply troubling prospect for impacted U.S. trade partners gathering in Jeju." |
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🎯Student Perspective |
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Students Selected for Prestigious Summer Internships |
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Several standout students will be representing the University of Nebraska-Lincoln and the Yeutter Institute as they take their talents to their summer internships in Washington, D.C. Meet the students whose work not only reflects their academic excellence, but also highlights Nebraska's strong connection to international trade and policy issues. →
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🍦Social Network |
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Congratulations to Our Graduating Seniors! |
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Please join us in celebrating our 2025 senior class! We are incredibly proud of these outstanding students and all they have accomplished during their time at the University of Nebraska-Lincoln and with the Yeutter Institute. To mark the occasion, the Yeutter Institute hosted an end-of-semester ice cream social. → |
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Before studying under the Yeutter Institute program, Patrick Baker hadn’t given thought to the significance of global trade. “Then you go in and actually think about it with Jill and the smart people she brings in, and you realize how complex it is,” he said. “You start to see how it permeates every sector of what we do.”
Four Yeutter Alumni—Sam Pribyl, Patrick Baker, Savannah Gerlach, and Juliana Quattrocchi—give insights on the advantages of learning about international trade for their careers. |
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Spring 2025 Nebraska Farm Income Update
The Spring 2025 Farm Income Outlook is co-published by the Center for Agricultural Profitability (CAP) at Nebraska and the Rural and Farm Finance Policy Analysis Center (RaFF) at Missouri. The RaFF provides objective policy analysis and informs decision makers on issues affecting farm and rural finances. The center collaborates with several states to develop farm income projections with local expertise. |
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The report examines the most recent data provided by the U.S. Department of Agriculture (USDA), sourced from the year 2023 and includes county-level estimates showing the importance of trade at the grassroots level. Prepared by economist Jay Rempe of Rolling Prairie Economics, it provides a comprehensive look at how global markets are driving and challenging the economic future of Nebraska’s farm and ranch families. |
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Lazaro Gamio and Ana Swanson take a deep dive to analyze how the 185% tariffs are affecting businesses, looking at Leslie Jordan Inc. as an example of how new tariffs complicate customs forms. |
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UPCOMING EVENTS |
June 13th
WITA Online Event
9:00 am – 10:00 am (CST)
June 21st
9:00 am – 12:00 pm (CST)
July 8th
6:00 pm – 7:30 pm (CST) |
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About the Yeutter Institute
At the Clayton Yeutter Institute of International Trade and Finance, we connect academic disciplines related to law, policy, business and agriculture to prepare students for leadership roles in international trade and finance, support interdisciplinary research and increase public understanding of these issues. Named for the renowned trade expert Clayton Yeutter—a Nebraska alumnus and former U.S. Trade Representative and Agriculture Secretary—the Yeutter Institute is a community focused on understanding and adapting to our global world. |
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Copyright © 2025, All rights reserved.
The University of Nebraska does not discriminate based upon any protected status.
Please see go.unl.edu/nondiscrimination . |
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