tariff increases

Tariff Increases Delayed as ‘Good Will’ Gesture

Dan Economy, Exports/Imports, Trade

The tariff increases for Chinese imports that were scheduled to be implemented on Oct. 1 are now being delayed by two weeks, in what President Donald Trump is calling “a gesture of good will.”  The announcement made via Twitter came on the heels of Chinese officials granting a one-year exemption on retaliatory tariffs on 16 American products. President Trump noted …

market

Soybean Growers Want Resolution with 90-Day Negotiation Period Waning

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

Soybean growers urge Congress to press Administration to end tariffs Talks are good, purchases are good, but lifting the tariff that China imposed last July on soybean imports from the United States is the only way for U.S. soybean farmers to regain commercial access to the significant Chinese market. “It is heartening that the Administration is keeping soybeans in the …

trump

U.S.-China Take Step to Resolve Trade Differences

Dan Beef, Industry News Release, Soybeans, Trade

News of progress in resolving a U.S.-Chinese trade dispute has several in the ag sector expressing levels of optimism. Rod Bain has the story. U.S.-China Take Step to Resolve Trade Differences Source for below: American Soybean Association Soybean Growers Relieved to Hear Positive Trade News from G20 The American Soybean Association (ASA) was pleased to hear positive reports from the …

Chinese trade practices

China Dropping Tariffs on Feed Grains from Asian Countries

Jim Rogers Industry News Release, Trade

China is dropping tariffs on feed ingredients from five Asian countries as it seeks supplies that do not originate in the United States. The ongoing trade war between the U.S. and China is bringing further tariffs on U.S. soybeans and coproducts imported to China, as retaliation on U.S. tariffs implemented on China. Thus, China is seeking cheaper soybeans, soymeal, soybean …

agricultural

U.S. Offers List of Ag Concessions Wanted From China

Dan Exports/Imports, Industry News Release, Trade

The U.S. apparently wants more from China than a promise to buy more U.S. agricultural goods. Politico reports that U.S. officials have handed China a list of agricultural trade barriers that “must be lifted” to boost imports from the U.S. to China in an effort to reduce the trade deficit. However, China has stated that it will not remove trade …

steel

Agriculture Groups Oppose Tariffs

Dan Exports/Imports, Industry News Release, Trade

The White House announced that it plans to impose tariffs on steel and aluminum imports from the European Union, Canada and Mexico. And many fear that will trigger potential retaliatory actions against American agriculture. Thus, various groups have sent out releases voicing their opposition to these tariffs. National Pork Producers Council NPPC Statement on Latest Steel and Aluminum Tariffs The …

soybean

Soybean Growers Talking Tariffs, Trade on Capitol Hill

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

American Soybean Association farmer-leaders from across the country are on Capitol Hill this week to talk with lawmakers about the potential impact of Chinese tariffs on U.S. soybeans. ASA President John Heisdorffer says China purchases 61 percent of U.S. soybean exports, as well as 30 percent of the overall U.S. soybean production. “In short, trade with China matters and is …

trade talks

The U.S. Calls For Additional $100 Billion In New Tariffs on Chinese Goods

Dan Exports/Imports, Industry News Release, Trade

A Bloomberg Report says President Donald Trump ordered administration officials to consider imposing an additional $100 billion worth of tariffs on Chinese goods. That announcement heightened concerns the two nations are heading toward a trade war. The move could unravel efforts by officials from both countries to take the rhetoric down a notch and come together to negotiate an agreement …