steel

Steel and Aluminum Tariffs Cancel Benefits of USMCA

Dan Exports/Imports, Industry News Release, Trade

Steel and aluminum tariffs by the U.S. will hurt agriculture more than NAFTA 2.0 will help. The updated North American Free Trade Agreement, known as the U.S.-Mexico-Canada Agreement (USMCA), would grow U.S. agricultural exports by $450 million a year, according to the Farm Foundation. However, the organization says the retaliatory tariffs in response to the tariffs that President Donald Trump …

tariffs

U.S. Planning Another Round of China Tariffs

Dan Industry News Release, Trade

The United States is readying more tariffs against China if there is no positive momentum following a meeting between President Trump and China’s President Xi Jinping. Bloomberg News reports the new round will be announced if the talks during the G20 summit between the two fails. The new round, proposed to be announced in early December, would apply to imports …

trade deal

Canada Willing to Stall Trade Deal with China until China is More Reasonable

Dan Exports/Imports, Industry News Release, Trade

Canada is willing to stall a potential trade deal with China until China starts behaving better, according to CBC News. Canada’s ambassador to China says a trade pact doesn’t seem likely to be reached until China shows flexibility on controversial policies. Ambassador John McCallum says right now, much of the work on a potential trade agreement is focusing on “bridging …

pork market

ASF Could Drastically Change China’s Pork Market

Dan Industry News Release, Pork

African swine fever could reshape the pork market in China. A Rabobank report says the disease could accelerate a shift in pork production and boost import needs for 2019. Local supply shortages are being reported stemming from the ban on live hog transportation that was enacted to prevent further spread of the disease. The potential for radical change could “impact …

african

Only Out of Control African Swine Fever Will Hurt U.S. Prices

Dan Industry News Release, Pork

A handful of economists tell Politico that the African Swine Fever outbreak in China and parts of Europe won’t have a major impact on U.S. exports. That’s due in large part to the fact that the outbreak has hit only a fraction of the massive Chinese hog industry. Chinese officials have culled hundreds of thousands of pigs from the nation’s …

china

China-owned Smithfield Foods Eligible for U.S. Trade Relief

Dan Industry News Release, Pork

China-owned Smithfield Foods is eligible for payments under the $12 billion aid package for farmers. The Washington Post reports word of the eligibility has made smaller pork producers unhappy. The Virginia-based, but China-owned, pork company can apply for federal money under a program created this summer. JBS of Brazil is also eligible to apply. The Department of Agriculture announced the …

soybeans

China Wants to Stop Buying U.S. Soybeans

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

The biggest move by China against the U.S. in the tit-for-tat trade war could be a movement towards abandoning U.S. soybeans. China, facing a potential shortage following its 25 percent tariff on U.S. soybeans, is already purchasing from other suppliers and proposing to cut the amount of protein used in livestock feeds. CNN reports that one of China’s top feed …