While planting of certain crops continue, Mark Oppold reports many grain traders are now tracking crop progress instead of planting progress.
AgNet Weekly: Current State of U.S. Ag Trade
Brian Kuehl, Executive Director of Farmers for Free Trade, joins Sabrina Halvorson to talk about the current state of agricultural trade in the United States. Each week we highlight essential legislative and policy conversations affecting agriculture nationwide. Host Sabrina Halvorson is a 30-year media veteran known nationally for her award-winning, balanced, and accurate reporting. For more than 10 years, she …
Discussing Tariff Trade Barriers for U.S. Peanuts
The issue of trade tariffs on U.S. peanuts with the European Union is still a major topic of discussion. Tyron Spearman explains what those in the industry are continuing to work on.
Baby Formula Imports Face Tariffs Again in 2023
Baby formula importers face changes again this year. That’s coming up on This Land of Ours. Baby formula imports into the U.S. will be subject to tariffs again this year as the exemptions implemented during a nationwide shortage are scheduled to expire. Reuters says the shortage began during supply chain issues brought on by COVID, and those issues began to …
Inflation Prompts Some Trading Partners to Cut Tariffs on Red Meat
South Korea is the latest country to suspend import duties on pork and other food items in an effort to combat inflation. They join Mexico, the Philippines, Taiwan, Vietnam and Brazil in reducing or eliminating tariffs on certain food items to lower consumer prices. And while these tariff reductions sometimes benefit global competitors more than U.S. red meat, the overall …
Dairy Groups: Retaliatory Tariffs Required as Canada Refuses its USMCA Obligations
The National Milk Producers Federation (NMPF) and the U.S. Dairy Export Council (USDEC) Monday called on the U.S. government to levy retaliatory tariffs on Canada. The call comes after Ottawa made clear that it refuses to meet its signed treaty obligations under the U.S.-Mexico-Canada Agreement (USMCA) concerning dairy market access. In January, a USMCA dispute resolution panel initiated by the …
U.S. and Japan Agree to Increase Beef Safeguard Trigger Level
U.S. Trade Representative Katherine Tai and U.S. Secretary of Agriculture Tom Vilsack announced that the United States and Japan have reached an agreement to increase the beef safeguard trigger level under the U.S.-Japan Trade Agreement. The new three-trigger safeguard mechanism will allow U.S. exporters to meet Japan’s growing demand for high-quality beef and reduce the probability that Japan will impose higher …
Vietnam Confirms Tariff Cut on U.S. Pork
Vietnam has confirmed it will lower its Most Favored Nation tariff on imported frozen pork from 15 to 10 percent. The reduction is expected to be implemented on July 1, 2022. Getting better market access to Vietnam, a major pork-consuming country, has been a top trade priority for the National Pork Producers Council (NPPC). They recently led efforts asking U.S. Trade …
Trade Truce Reached Between the US and EU
A trade truce between the U.S. and E.U. was reached this week. Tyron Spearman reports this is good news for agriculture.
U.S. – E.U. Agreement on Ag Collaboration
On the sidelines of the Group of 20 Summit this week, European Union officials and the Biden administration put together a deal to ease the tariffs on E.U. steel and aluminum imports into the U.S. while eliminating retaliatory duties from the E.U. on several U.S. goods. Rod Bain reports the new transatlantic collaboration agreement that agriculture leaders from both the U.S. …