trade relief

Industry Reaction to USDA Trade Relief Announcement

Dan Exports/Imports, Industry News Release, Trade

American Farm Bureau Federation President Zippy Duvall. “The Trump Administration’s agricultural assistance package is welcome relief to an economic sector that has been battered by foreign competitors and retaliatory tariffs. We thank the President for living up to his commitment to stand by our farmers and ranchers. While farmers and ranchers would rather earn their income from the marketplace, they …

perdue

Perdue Says No “Long-Term Fallout” From Dispute with China

Dan Economy, Industry News Release, Trade

The U.S. trade talks with China seem to be a long way from wrapping up. However, Ag Secretary Sonny Perdue is trying to assure producers that when an agreement is finally reached, it will be good for farmers’ pocketbooks. When that agreement is reached, Perdue says China will be purchasing even more farm goods than they had before the trade …

trump

Trump to Meet with Chinese President in June

Dan Exports/Imports, Industry News Release, Trade

President Donald Trump said last week he would meet with Chinese President Xi Jinping next month. The announcement comes as the trade war between the two largest economies in the world grew even more intense. Reuters says China has already announced it would retaliate on a host of American goods, ranging from frozen vegetables to citrus fruits to natural gas. …

beef

What’s at Stake for U.S. Beef in China

Dan Beef, Cattle, Exports/Imports, Trade

Earlier this week President Trump said he would meet with Chinese President Xi Jinping in June. The announcement comes as the trade war between the two largest economies in the world grows even more intense. National Cattlemen’s Beef Association (NCBA) Senior Director of International Trade and Market Access, Kent Bacus, discusses what’s at stake for U.S. beef producers and how close we …

talks

U.S. and China Increase Tariffs, No Deal From Talks

Dan Exports/Imports, Trade

China trade talks continued last week but ended with very little progress and an increase in current tariffs. The U.S. and China were meeting last week to talk about the ongoing trade dispute between the two nations. Reports claim that very little was accomplished during the meetings however the indication is they didn’t go wrong. Some officials were surprised talks …

trump

Trump Says Tariffs on China to Increase

Dan Exports/Imports, Industry News Release, Trade

Trade officials from China are in Washington, DC this week as the Trump administration places further pressure on China to reach an agreement with the United States. Trump will increase tariffs on China Friday, saying talks between the two nations are going too slowly. On Twitter, Trump states he will increase tariffs on $200 billion of goods from 10 to …

agreement

Outlook for May China Agreement Positive

Dan Exports/Imports, Industry News Release, Trade

Optimism is growing that the U.S. and China could wrap up a trade agreement this month. Trade officials from the U.S. and China concluded talks in Beijing Wednesday with another critical round scheduled for next week in the United States. The Trump administration has appeared to be ready to walk away if an agreement isn’t reached soon. However, Treasury Secretary …

Chinese trade practices

US Wins Another Dispute Over Chinese Trade Practices

Dan Trade

A World Trade Organization (WTO) dispute settlement panel found that certain Chinese trade practices were inconsistent with WTO commitments.  U.S. Trade Representative Robert Lighthizer and Secretary of Agriculture Sonny Perdue announced that the WTO panel found China had administered its tariff-rate quotas (TRQs) for wheat, corn, and rice in a manner that unfairly limited American grain farmers access to the …

trump

Cotton Industry Hopeful About China Trade Talks

Dan Exports/Imports, Trade

The National Cotton Council (NCC) recently joined with more than 40 other agricultural organizations in writing a letter to President Trump regarding the current trade situation with China. Reece Langley, NCC vice president of Washington Operations, is hopeful the current United States-China talks will restore normal trade relations. Last week, President Trump said trade talks with China “are rounding the turn” …