In a speech on Thursday, Politico says President Trump admitted publicly that his trade crackdown is causing U.S. farmers and ranchers to feel pain. He also says steps will be taken to address that reality. The president has directed Ag Secretary Sonny Perdue “to use his broad authority to implement a plan to protect our farmers and agricultural interests.” Perdue …
The U.S. Calls For Additional $100 Billion In New Tariffs on Chinese Goods
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 …
White House Trade Chief Says U.S./China to Hold Trade Talks
A Bloomberg report says that American and Chinese officials have both indicated a willingness to find a negotiated solution to their trade differences. Top government officials are expected to hold talks before American tariffs on Chinese imports will take effect. White House Trade Adviser Peter Navarro tells CNBC that Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer will lead …
Perdue Says Trade War May Affect the New Farm Bill
Ag Secretary Sonny Perdue says a potential trade dispute with China could have negative consequences on the new Farm Bill Congress is currently working on. Politico says Congress may need to factor in possible trade disruptions while working on the new legislation. China announced that dozens of U.S. farm products, including soybeans and beef, could potentially face a 25 percent …
USMEF on China’s Additional Import Duties on U.S. Pork
Earlier this week the Chinese government announced the imposition of additional import duties on a range of U.S. products, including a 25 percent duty increase, on top of the existing 12 percent duty, on imports of U.S. pork and pork variety meat. U.S. Meat Export Federation (USMEF) Joe Schuele has more. USMEF on China’s Additional Import Duties on US Pork …
Market Experts: Keep China Tariff in Perspective
No one has officially declared ‘war’ in the way of trade between the U.S. and China, but the nations are no doubt in the makings of a trade war. President Donald Trump insisted that “we are not in a trade war with China.” However, China fired back a proposed list of tariffs less than 24 hours after the Trump administration …
Groups Respond to Proposed Chinese Tariff Announcement
From American Farm Bureau Federation (AFBF) The following statement on the Chinese tariff announcement may be attributed to American Farm Bureau Federation President Zippy Duvall: “Farmers and ranchers are, by necessity, patient and optimistic. We know markets ebb and flow. But China’s threatened retaliation against last night’s U.S. tariff proposal is testing both the patience and optimism of families who …
U.S. Dairy Export Council Seeks Market Growth in China
The U.S. Dairy Export Council Monday announced a partnership with a university in China to grow U.S. exports in China. The Council has signed a memorandum of understanding with Jiangnan University to establish the U.S.-China Dairy Innovation Center at the university. Tom Vilsack, U.S. Dairy Export Federation President and CEO says the partnership is a “game-changing agreement” that will lead …
Ag Trade Group: China Tariffs a Tax on Farmers
A U.S. agricultural trade group says the tariffs announced by China are a tax on U.S. agriculture. Farmers for Free Trade, a coalition formed to promote agricultural trade, says the tax stems from protectionist trade policies by the Trump administration. Max Baucus, the organization’s Co-Chair, says the new tariffs “are a drag” on farmers struggling to make ends meet with …
RFA Comments on China’s Latest Attack on U.S. Ethanol and Farmers
On Monday, China added a 15% tariff on U.S. ethanol imports. The move came in response to the Trump Administration’s announcement of duties on imported aluminum and steel products. This is in addition to an already-imposed duty of 30%, making the total tariff 45% on U.S. ethanol. Renewable Fuels Association President and CEO Bob Dinneen had the following statement: “Once again …