trade

Perdue Talks Possible Trade Aid Adjustments

Dan Economy, Industry News Release, Trade

USDA is considering the possibility of adjusting direct payments to producers who’ve been hurt by the trade war. The adjustments may include factoring in hurricane damage after southeast U.S. producers were hit hard by hurricanes this year. A DTN report says Perdue asked USDA staff to look at the fact that they believe payments should be based on actual production …

trade war

Trade War Benefiting U.S. Food Banks

Dan Industry News Release, Trade

Food banks are benefiting from President Trump’s trade war with China. USA Today reports the tit-for-tat trade war offers more variety for U.S. food banks through the administration’s trade mitigation package for farmers. With the Department of Agriculture buying commodities to help ease the burden on farmers, those items will show up in U.S. food banks, including meat, dairy products, …

china ambassador

China Ambassador to U.S. Says China Wants to Engage in Talks

Dan Industry News Release, Trade

China wants to end the trade war with the U.S., according to its ambassador to the United States. In an exclusive interview with National Public Radio this week, the China ambassador to the United States says his country is “ready to make a deal” if they could find a trustworthy partner in Washington. The ambassador accused the United States of …

tariffs

China Investment in U.S. Falling Sharply

Dan Industry News Release, Trade

Chinese investment in the United States has dropped 92 percent so far this year, amidst the tit-for-tat trade war launched by President Donald Trump. Analysts say the trade war may be hindering China’s economy. A Chinese investment analyst told the South China Morning Post that “China’s economy is slowing, its currency weakening, and the trade regime is faltering.” A market …

USDA Details Trade Damage Estimate Calculations

Dan Economy, Industry News Release, Trade

U.S. Secretary of Agriculture Sonny Perdue released a detailed accounting of how the U.S. Department of Agriculture (USDA) calculated estimated damage from trade disruptions.  USDA’s Office of the Chief Economist developed an estimate of gross trade damages for commodities with assessed retaliatory tariffs by Canada, China, the European Union, Mexico, and Turkey to set commodity payment rates and purchase levels …

international

State Ag Officials Voice Concerns with Trade Approach

Dan Exports/Imports, Industry News Release, Trade

State agriculture officials say the Trump administration needs to aggressively seek market access across the globe, while expressing concerns with the administration’s trade agenda. The National Association of State Departments of Agriculture passed two resolutions this week during its annual meeting that leadership says reaffirms the critical importance of international trade to the organization. The group of state agriculture officials …

river barge traffic

Agri View: River Barge Traffic

Dan Agri View, Exports/Imports, Trade

Everett Griner talks about problems on the river with barge traffic in today’s Agri View. River Barge Traffic You have already heard more about those tariff trade wars than you want to. There isn’t anything I can’t tell you that you haven’t heard already. Well, maybe there is. Towns along the Mississippi River, mostly farm towns, are in great trouble …

tariffs

Trump Threatens to Add $200 Billion in More Tariffs

Dan Exports/Imports, Industry News Release, Trade

Bloomberg says President Trump wants to proceed with another $200 billion in tariffs on Chinese imports as soon as the public comment period wraps up next week. Six people familiar with the matter spoke anonymously with Bloomberg for the article. Companies and people have until Sept. 6 to submit comments on duties that will cover everything from semiconductors to selfie …