Agriculture Secretary Sonny Perdue says he’s still hoping a new North American Free Trade Agreement (NAFTA) will be hammered out soon. Gary Crawford has the story.
No Details on Farmer Trade Damage Mitigation Plan until Labor Day
Here we are ready to celebrate the 4th of July holiday. But according to a story from Gary Crawford, it won’t be until the next major holiday that we get details of the government’s plan to partially compensate farmers for financial losses due to trade disruptions.
A Common Language within Feeder Cattle Market
USDA feeder calf grading standards helps producers and buyers better understand and communicate during the sale process, through shared terminology. Rod Bain reports.
U.S. Beef Faces New Challenge in China
It has been just over one year since China reopened to U.S. beef after an absence of nearly 14 years. The U.S. beef industry has made progress in establishing a customer base in China, but is about to face a steep challenge – an additional 25 percent retaliatory tariff, which will raise China’s total import duty rate on U.S. beef …
China Dropping Tariffs on Feed Grains from Asian Countries
China is dropping tariffs on feed ingredients from five Asian countries as it seeks supplies that do not originate in the United States. The ongoing trade war between the U.S. and China is bringing further tariffs on U.S. soybeans and coproducts imported to China, as retaliation on U.S. tariffs implemented on China. Thus, China is seeking cheaper soybeans, soymeal, soybean …
Trade Promotion Authority to Auto-Renew
Trade Promotion Authority will auto-renew at the end of this month due to no congressional action. Originally authorized by Congress during the Obama administration for the advancement of the Trans-Pacific Partnership, TPA will auto-renew for another three years. The renewal comes due to the inaction by the House and Senate during a three-month window to pass a resolution of disapproval …
China Says Washington Trade Actions Will Hurt American Workers
A Reuters report says China accused the Trump Administration of being capricious in its handling of trade issues. Chinese government officials warned U.S. workers and farmers that they’ll be hurt because of the administration’s brandishing of “big sticks.” Beijing officials said previous bilateral discussions with the U.S. were effective. However, the commerce ministry spokesman says Beijing has had to respond …
EU Imposes Retaliatory Tariffs on the U.S.
The European Union’s (EU) response to Trump’s steel and aluminum tariffs take effect Friday, June 22, 2018. The EU will be charging import duties of 25 percent on a range of U.S. goods. Reuters reports that the European Commission formally adopted a law putting in place the duties on 2.8 billion euros, or $3.2 billion, worth of U.S. goods, including …
Cattlemen Dealing with Fake Meat and Trade
There are various issues facing cattle producers across the country right now, but two of the top ones are fake meat and trade. While attending the 2018 Florida Cattlemen’s Association Convention and Trade Show in Orlando, National Cattlemen’s Beef Association (NCBA) President Kevin Kester talked with AgNet Media’s Gary Cooper about both of those issues. Cattlemen Dealing with Fake …
China Could Step Up Trade War Tactics
China could ratchet up its trade war tactics against the United States as President Donald Trump has escalated the trade war between the two nations this week. Politico points out that China knows how to fight a trade war and could go beyond retaliatory tariffs next. China has been known to successfully encourage its 1.4 billion population to give up …