china talks

Trump Delays Tariff Hike Until December

Dan Economy, Industry News Release, Trade

(NAFB) —The Trump administration will delay part of a planned tariff increase on China until December. The U.S. Trade Representative’s office made the announcement Tuesday the administration would not implement the planned tariffs. Instead, the tariffs will be implemented December 15, 2019. USTR Robert Lighthizer says certain products are even being removed from the tariff list based on health, safety, …

total

China’s Buying Halt of U.S. Ag May Not Be Total

Dan Exports/Imports, Trade

Many in agriculture are concerned after it was announced this week that China was stepping away from purchasing U.S. farm imports after President Trump increased tensions by his proposal to add 10% tariffs on another $300 billion in Chinese imports starting September 1. And while some say this stoppage may not be total, it’s still not good news for many farmers …

agricultural

Report Notes China Halting U.S. Agricultural Purchases

Dan Economy, Exports/Imports

According to Bloomberg News, China has announced they are stepping away from further U.S. farm imports after President Trump increased tensions with the U.S. biggest agricultural trading partner last week. The Chinese government has asked its state-owned enterprises to suspend purchases of U.S. agricultural products, people familiar with the situation said. Trump last week proposed adding 10% tariffs on another $300 …

agricultural

Commissioner Nikki Fried on China Halting U.S. Agricultural Imports

Dan Exports/Imports, Florida, Industry News Release

Tallahassee, Fla. (FDACS) – The Chinese government announced it will halt purchases of U.S. agricultural products, in response to President Donald Trump’s escalation of his trade war with China. Financial markets reacted with shock, calling it “massive…on a scale of 1 to 10, it’s an 11.” Earlier this year, China imposed 25 percent tariffs on many American agricultural products, which has been devastating …

china talks

More Trade Negotiations Not Tariffs

Dan Exports/Imports, Industry News Release, Trade

(NAFB) — President Trump’s planned new tariff on all remaining Chinese exports to the U.S. is not going over well with American agriculture, despite the patience of many in farming with the tariff war, so far. A new 10 percent tariff on all remaining $300 billion in China’s exports to the U.S. will start September first because China gave no …

trump

Trump Plans Tariff Increase Against China

Dan Exports/Imports, Industry News Release, Trade

(NAFB) — President Donald Trump plans to begin enacting additional tariffs on China to pressure negotiators to reach a trade agreement. Talks between the U.S. and China are scheduled again in September, according to the White House. President Donald Trump took the trade war to Twitter again Thursday afternoon, announcing additional tariffs against China starting in September. Trump says the …

ethanol

U.S. Ethanol Near the Breaking Point

Dan Biofuels/Energy, Industry News Release

(NAFB) — The Trump Administration’s trade war with China and the surge in small oil refinery RFS exemptions have the U.S. ethanol industry nearing the breaking point. Green Plains Ethanol CEO Todd Becker tells Reuters that the weight of those two factors is becoming almost unbearable. The U.S. ethanol industry growth has stalled in the face of President Trump’s trade …

trade

Trade Aid Support for Dairy, Pork Producers

Dan Dairy, Economy, Pork, Trade

A large part of the $16 billion package developed to support producers suffering from trade tariffs is the Market Facilitation Program (MFP). Payments will be made by the Farm Service Agency (FSA) to producers of various crops, but dairy and hog producers will also receive a payment. Here is USDA Under Secretary for Farm Production and Conservation, Bill Northey. In …

trump

WTO Rules against US over Pre-Trade War Dispute with China

Dan Exports/Imports, Industry News Release, Trade

(NAFB) — The World Trade Organization (WTO) ruled against the United States in a pre-trade war dispute with China, opening the door for more retaliatory tariffs. The ruling says some U.S. tariffs on Chinese goods do not comply with WTO rules. The case opened in 2012 when the United States implemented tariffs aimed at products the U.S. claimed “were unfairly …

agricultural

Trump: China Letting U.S. Down on Lack of Agricultural Purchases

Dan Exports/Imports, Industry News Release, Trade

(NAFB) — President Donald Trump says China “is letting us down” by not purchasing U.S. agricultural products. China is not buying U.S. ag products as Trump says its leaders promised as part of an effort to negotiate towards ending the trade war. Trump and Chinese President Xi Jinping at the G-20 Summit last month agreed to move forward with negotiations …