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. …
Vietnam Tariff Rate Reduction an Important Step for U.S. Pork
The recent announcement about the Vietnam tariff rate reduction is an important step for U.S. Pork. Joe Schuele has the details. More details about this can be found on the U.S. Meat Export Federation website. Sponsored ContentNuseed Carinata Covers New GroundJuly 15, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Non-Tariff Trade Barrier Request
The U.S. Peanut Federation is looking for help concerning a non-tariff trade barrier issue with peanuts. Tyrion Spearman has more details. Sponsored ContentNuseed Carinata Covers New GroundJuly 15, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
American Peanut Council Updates Tariff Situation
The American Peanut Council continues their work to help resolve various tariff issues affecting U.S. peanut exports. Tyron Spearman has an update. Sponsored ContentNuseed Carinata Covers New GroundJuly 15, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Exports Key Part of Peanut Production
Exports remain a vital part of the peanut marketplace for Southeast producers. Tyron Spearman has more. Sponsored ContentNuseed Carinata Covers New GroundJuly 15, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
EU Suspending Tariffs on Peanuts
In a sign of easing trade tensions, the U.S. and European Union agreed late last week to suspend tariffs on a variety of products, including peanuts. While for now, it’s only a temporary removal of the tariffs, Tyron Spearman reports it’s still good news for the U.S. peanut industry. Sponsored ContentNuseed Carinata Covers New GroundJuly 15, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst …
Japan Setting Temporary Higher Tariff on U.S. Beef
(NAFB) — Japan is imposing an emergency tariff hike on U.S. beef imports late this week. The volume of imports for the fiscal year 2020 is believed to have exceeded 242,000 metric tons, beyond which the duty hike gets automatically implemented. If the tariff goes into effect, it jumps from 25.8 percent to 38.5 percent for a month under a …
Ag Export Destinations Shift Over Previous 25 Years
The U.S. is the world’s second-largest agricultural trader after the European Union. U.S. agricultural exports grew significantly over the last 25 years, from $46.1 billion in 1994 to $126.7 billion in 2019. It’s no surprise that Canada and Mexico are two of the top destinations. The elimination of agricultural trade barriers through the 1994 North American Free Trade Agreement, which …
U.S. China Postpone Trade Deal Review
The U.S. and China have postponed a review of the Phase One trade deal as China continues to buy large amounts of U.S. farm commodities. The two sides were set to meet over the weekend, but the delay allows China more time to buy U.S. crops. However, the postponement arose over scheduling conflicts, according to Reuters. Saturday marked the six-month …
Trump: China Phase Two Agreement Unlikely
President Donald Trump recently told reporters a Phase Two agreement with China is not likely. The President said aboard Air Force One last week, “I don’t think about that,” adding, “The relationship with China has been severely damaged.” Bloomberg News reports the Trump administration continues to pressure China over the COVID-19 outbreak, alleging a cover-up by China, among other things. …