Perdue: Tariffs not the Ultimate Answer

Dan Industry News Release, Trade

“Tariffs are not the ultimate answer,” says Agriculture Secretary Sonny Perdue. Speaking to the Washington International Trade Association, Perdue told the group tariffs are rather “a tool to get people’s attention” so both teams “play by the same rules.” Politico reports that Perdue recognized retaliation by China, Mexico, Canada and the European Union to Trump’s tariffs was causing pain in …


Perdue: Farmers Can’t Pay Bills on Patriotism

Dan Economy, Industry News Release, Trade

Agriculture Secretary Sonny Perdue Tuesday called farmers “some of the best patriots in America,” while speaking at an event, but said farmers “can’t pay the bills with patriotism.” Perdue made the comments at Axios 360, an event held by news website Axios, in Washington, D.C. Tuesday morning. Perdue says farmers and ranchers are “bearing the brunt” of the ongoing trade …


U.S. Says Retaliatory Tariffs Unjustified in WTO Complaint

Dan Exports/Imports, Industry News Release, Trade

The U.S. struck back at retaliating nations this week, filing a complaint with the World Trade Organization (WTO). The U.S. complaint says the steel and aluminum tariffs imposed by the Trump administration were justified, but claim retaliation in response to the tariffs from trading partners was not justified. The complaint includes China, the European Union, Turkey, Canada and Mexico. In …


U.S.-China Dispute Harming Canadian Soybean Growers

Dan Exports/Imports, Industry News Release, Soybeans, Trade

Soybean farmers in Canada are feeling the impact of the U.S.-China trade war as soybean prices decline. CNBC reports that while Canadian soybean farmers could see an increased market share from importing nations, experts say the current soybean market plays a much more significant role. Since April, soybean futures have dropped nearly 20 percent in the United States, and Canadian …


Chinese Trade Surplus with U.S. Hits High Amid Tariff Concerns

Dan Exports/Imports, Industry News Release, Trade

The Chinese trade surplus with the United States hit a record number in June as its exports grew at a solid pace, something that could possibly make a trade dispute with Washington, D.C., that much worse. A article points out that it could be a “one-off” as Chinese exporters were rushing to get shipments out before tariffs went into …


U.S. to Further Implement Trade Tariffs

Dan Industry News Release, Trade

The U.S. plans to implement more tariffs on China as part of an ongoing trade war between the two countries. In a statement released this week, U.S. Trade Representative Robert Lighthizer says he was ordered by President Trump to begin the process of imposing tariffs of ten percent on an additional $200 billion of Chinese imports. The tariffs will follow …


China Quickly Retaliating Against U.S.

Dan Beef, Corn, Exports/Imports, Industry News Release, Soybeans, Trade

Following implementation day of President Trump’s tariffs on China, the nation responded quickly to retaliate with previously threatened penalties on U.S. pork, beef, soybeans and automobiles. Meat industry publication Meatingplace reports China says Trump has “violated World Trade Organization rules and launched the largest trade war in economic history to date.” The first wave of tariffs was imposed Friday, which …


China Tariff on U.S. Pork Now Tops 60 Percent

Dan Exports/Imports, Pork, Trade

China’s implementation of tariffs on U.S. products means U.S. pork faces a 62 percent tariff level. The National Pork Producers Council responded that U.S. pork farmers now face large financial losses and contraction because of escalating trade disputes, meaning “less income for pork producers and, ultimately, some of them going out of business.” China announced a new 25 percent tariff …