trade

Agriculture Cautiously Optimistic with China Trade Deal

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

(NAFB) — The good news from last week’s announced partial trade deal with China is a possible doubling of spending on U.S. farm goods. But, the flip side of that coin is continuing uncertainty over details. From nearly $20-billion in 2017, to less than $10-billion so far, this year, to as much as $40-to-$50 billion annually in two-years, according to …

china

Trump: China Ag Purchases Already Underway

Dan Economy, Exports/Imports, Industry News Release

(NAFB) — President Donald Trump says China will immediately start buying U.S. agricultural products. Via Twitter over the weekend, Trump says China will start buying “very large quantities” of U.S. farm products, adding, “they have already started.” The administration says the agreement Friday includes $40-$50 billion of commodity sales to China over the next couple of years. China already had …

japan trade

U.S. Japan Trade Deal Good for Beef Industry

Dan Beef, Cattle, Exports/Imports, Trade

Earlier this week, President Trump signed the U.S.-Japan Trade Agreement, which is an important step forward with U.S. agriculture’s fourth-largest export market. During a media conference call Thursday, National Cattlemen’s Beef Association (NCBA) Director of International Trade and Market Access, Kent Bacus, said this is a monumental development. According to NCBA, in 2018 Japanese consumers purchased $2.07 billion of U.S. …

pence

VP Pence Calls on Congress to Pass USMCA

Dan Exports/Imports, Industry News Release, Trade

(NAFB) — Vice President Mike Pence spent time early this week promoting the U.S.-Mexico-Canada Agreement (USMCA) while calling on Congress to pass the trade deal. Pence penned an editorial in the Arizona Daily Star promoting the trade agreement. The Vice President also toured a Tyson Foods facility in Tennessee. Meanwhile, in a White House statement, Pence says USMCA will add …

president

President Trump Signs U.S.-Japan Trade Agreement; Ag Groups Respond

Dan Exports/Imports, Industry News Release, Trade

American Farm Bureau Federation Farmers and Ranchers Celebrate Japanese Trade Deal, Look Forward to More (AFBF-Oct. 7, 2019) — President Trump signed the U.S.-Japan Trade Agreement, which is an important step forward with U.S. agriculture’s fourth-largest export market. The following may be attributed to American Farm Bureau Federation President Zippy Duvall: “Today’s signing marks the successful end to more than a …

pence

McConnell Tells Democrats “Time to Act on USMCA”

Dan Exports/Imports, Industry News Release, Trade

(NAFB) — Much of Washington, D.C., is consumed with questions about Ukraine and the impeachment inquiry. However, Senate Majority Leader Mitch McConnell publicly scolded Democrats’ handling of the U.S.-Mexico-Canada Trade Agreement. Politico says McConnell wants House Democrats to pass the North American trade agreement, noting that “the time for excuses is over.” Speaking on the Senate floor, McConnell said Democrats …

trade

China Buys U.S. Ag Products Ahead of Next Round of Talks

Dan Exports/Imports, Industry News Release, Trade

(NAFB) — Late last week, China said it’s already bought a considerable number of U.S. soybeans and pork as it prepares for the next round of trade talks with Washington, D.C. The Chinese Ministry of Commerce says both countries are in “close communication” ahead of the next round of talks. A ministry spokesman says as China has ramped up its …