After nearly 18 months of negotiation, a limited Chinese trade agreement was announced on Friday morning. President Donald Trump confirmed via Twitter that the first phase of a trade deal with China had been reached, which will include “massive purchases” of American agricultural products. The United States will be canceling a scheduled increase in tariffs while maintaining a 25 percent tariff …
Seven Trade Missions to Expand Ag Exports Planned for 2020
The U.S. Department of Agriculture (USDA) will be embarking on a record of seven agribusiness trade missions in 2020 to foster trade relationships and diversify export opportunities for America’s farmers and ranchers. The trade missions will begin in March with a trip to the North African countries of Algeria, Libya, Morocco and Tunisia. That will be followed by a trade trip …
American Peanut Council Expanding Export Markets
The American Peanut Council continues their efforts in expanding exports markets for U.S. peanuts. Tyron Spearman has the story.
Cattlemen Celebrate Finalization of Trade Deal With Japan
NCBA Honored to Be Part of Process From Day One to White House Signing Ceremony (NCBA) — National Cattlemen’s Beef Association (NCBA) President Jennifer Houston issued the following statement in response to Japan’s final approval of a trade deal that will lower tariffs for U.S. beef exports to that nation: “There’s just no other way to say it: this is …
Ag Sector Reaction to U.S.-Japan Mini-Trade Deal
The U.S. ag industry is looking forward to lower tariffs and improved market access to Japan after that nation’s legislative body approved a mini-trade deal between the two countries. Rod Bain has the story.
New Agreement Improves Access for U.S. Beef in Europe
Late last week, the European Parliament voted to approve a plan that grants the U.S. a country-specific share of the European Union’s duty-free, high-quality beef quota. And according to a story from Joe Schuele, the U.S. Meat Export Federation (USMEF) was pleased to hear of the approval.
Trump: No Deadline for Final China Trade Deal
(NAFB) — In a flurry of meeting with reporters Tuesday in London, President Donald Trump says he has no deadline for finalizing a complete trade deal with China. China and the U.S. are still working to reach a phase one agreement, with an unofficial deadline of December 15, but an overall agreement may extend beyond the 2020 elections. Trump told …
USMCA, U.S.-China Deal Pushing Forward
(NAFB) — Both the U.S.-Mexico-Canada Agreement (USMCA) and a phase one agreement of a deal between the U.S. and China appear to be slowly edging forward. The Hagstrom Report quotes House Speaker Nancy Pelosi as saying, “We are within range of a substantially improved agreement for America’s workers. Now, we need to see our progress in writing from the trade …
Ag Exports Projected to Fall in 2019
(NAFB) — The U.S. Department of Agriculture (USDA) projects the fiscal year 2019 U.S. agricultural trade balance to fall to $5.2 billion. USDA’s Economic Research Service projects exports at $134.5 billion and imports at $129.3 billion, leaving a $5.2 billion surplus, the lowest since fiscal year 2006. Unlike overall U.S. trade in goods and services, U.S. trade in the agricultural …
EU Parliament Approves Increased U.S. Beef Access
(NAFB) — It was a happy Thanksgiving for U.S. beef producers. The European Parliament voted last Thursday to approve a plan that grants the U.S. a country-specific share of the European Union’s duty-free, high-quality beef quota. The agreement was originally signed back in August. The U.S. Meat Export Federation was pleased to hear of the approval. “Approval by the European …