Policy Update

Yellen on China | CBO updated forecasts May 12 | House debit-limit plan vote next week
House Republicans searching for debt limit measure votes as plan is unveiled
World’s first carbon import tax approved by EU lawmakers
China’s Q1 GDP beats expectations | Leaders in meat exports | USDA data users’ confab
Farm bill listening session in New York focuses on dairy policy | Lula & Xi work deals
Supreme Court rulings awaited on major ag sector topics | Regan visits House Ag panel
USTR Tai travels to Japan, Philippines | Gold bugs | Brazil leader in Beijing | Retail sales
China’s yuan replaces dollar as most-traded foreign currency in Russia
EPA’s Vehicle Emissions Standards Proposal Aims to Spur EV Sales
IMF: Global growth of 2.8% this year, 3% in 2024 | U.S. economy expanding 1.6% this year