phase one trade deal

Perdue on China Phase One Trade Deal

Taylor Hillman Trade

Last week, President Trump did sign the first phase of a trade deal with China that includes the purchase of $40 billion in agricultural products. Agriculture Secretary Sonny Perdue says this agreement goes a long way in leveling the playing field for U.S. agriculture. “This agreement once again is proof President Trump’s negotiating strategy is working. It may have taken …

economic security act

Ag Secretary Expecting the Third Round of Trade Aid Payments

Taylor Hillman Trade

Even though the first trade deal with China has been signed, Ag Secretary Sonny Perdue says he still expects U.S. farmers to get a third-round of 2019 trade aid payments. USDA hasn’t officially announced if and when the farmers would get those payments. Perdue tells Bloomberg that the move is still waiting for approval from the White House Office of …

trade

Europe Next in the Trade Negotiation Bullseye

Taylor Hillman Industry News Release

Phil Hogan, the new Trade Commissioner for the European Union, was in Washington, D.C., last week and spoke about the tense relationship between the EU and the U.S. The New York Times says Hogan promises to “robustly defend” European interests as he justified the European position on trade disagreements with the U.S. over airplane subsidies, digital taxes, and the World …

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 …

china

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

CoBank: Trade War Takes a Toll on Ag Economy

Taylor Hillman Industry News Release

Despite the strongest global economic growth the world has seen since 2011, the uncertainty surrounding trade disputes is causing escalating concern for U.S. agriculture. CoBank’s Knowledge Exchange Division says seventy percent of U.S. ag exports are heading to countries that are currently in negotiations or outright trade disputes. CoBank’s Rural Economic Review says the shift from trade war rhetoric to …

pork producers

Trade Promotion Authority to Auto-Renew

Jim Rogers Industry News Release, Trade

Trade Promotion Authority will auto-renew at the end of this month due to no congressional action. Originally authorized by Congress during the Obama administration for the advancement of the Trans-Pacific Partnership, TPA will auto-renew for another three years. The renewal comes due to the inaction by the House and Senate during a three-month window to pass a resolution of disapproval …

tariffs

EU, China, Working to Strengthen Trade Ties

Jim Rogers Industry News Release

The European Union is working to strengthen trade ties with China as the U.S. and China are embattled in a trade war. Repercussions of the trade war are being felt throughout U.S. agriculture, as the retaliatory tariffs from China will soon go into effect. Meanwhile, the EU is taking full advantage of the situation, and engaging with China to further …

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 …

kansas

U.S. Ag, Equipment Companies, Benefiting from Trade with Cuba

Dan Industry News Release, Trade

U.S. agriculture is benefiting from trade with Cuba, according to new figures released by the U.S.-Cuba Trade and Economic Council. Exports of food and agricultural products from the U.S. to Cuba in November of 2017 were pegged at $21.2 million, compared to $10.59 million in November 2016, and $6.24 million in November of 2015. There were also substantial increases in …