The following statement on possible trade retaliation by China against U.S. farm exports may be attributed to American Farm Bureau Federation President Zippy Duvall: “If the trade situation continues to deteriorate, our lives as farmers and ranchers will become more difficult. America’s farmers and ranchers export more than $21 billion of farm products to China – more than 20 percent …
Chinese Retaliation On U.S. Pork Exports Will Harm The Rural Economy
The National Pork Producers Council warned that possible Chinese tariffs on U.S. pork could have a significant negative impact on rural America. China has indicated it will impose the duties in response to U.S. tariffs and restrictions – being placed on a host of Chinese goods. “We sell a lot of pork to China, so higher tariffs on our exports …
Turning a Tariff Back On U.S. Frozen Beef Exports to Japan
USDA Undersecretary Ted McKinney was in Japan earlier this month discussing ag trade issues with Japanese leaders and buyers at a large regional food show. But according to a story from Rod Bain by the end of this month, Japan could revert back to a tariff on U.S. frozen beef imports to levels prior to an increase last August. Turning …
EU, U.S., to Talk Tariff Exemption
The European Union and U.S. Commerce Secretary Wilbur Ross are meeting in Washington, D.C. this week to consider a potential tariff exemption. The EU is exploring an exemption from President Donald Trump’s steel and aluminum tariffs, according to Politico. The EU is seeking “more clarity” on the criteria on which such an exemption could be granted. U.S. Trade Representative Robert …
South Korea Adopts New Poultry Import Policy
The South Korean Ministry of Agriculture has adopted a new regionalization policy that is good news for the U.S. poultry and egg industry. The new policy prevents a countrywide ban on U.S. exports to Korea in the event of a future finding of Highly Pathogenic Avian Influenza. Should a case be found in the future, only exports from each affected …
Cranberries Targeted by EU in Trade Spat
The European Union classifies cranberries as a retaliation target in response to President Trump’s steel and aluminum tariffs. Bloomberg reports cranberries are among a basket of all-American goods, from peanut butter to bourbon whiskey and Harley Davidson motorbikes, singled out by the European Union. A lawmaker from Wisconsin says U.S. dairy is on the list as well, though the official …
Soy Growers Worried About Possible Trade Disruptions at U.S. Ports
The American Soybean Association and its grower-members are urging labor union and port management representatives to get back to the negotiating table and resume bargaining talks. The ASA is concerned about possible trade disruptions at East Coast and Gulf of Mexico ports, which would negatively impact agricultural and food product exports to key markets. The ASA joined several industry stakeholders …
USDA Trims Red Meat Production Numbers
USDA slightly reduced its projections for red meat and poultry production in 2018. The forecast is slightly lower than last month, primarily due to a drop in beef production, which will more than offset increased pork and turkey production. The latest World Ag Supply and Demand Estimates Report says broiler production remains unchanged. USDA sees lower cattle slaughter and weights, …
Business, Farm, Union Groups React to Trump’s Tariffs
Reaction to the tariffs on steel and aluminum imports has been mixed among different sectors of the economy. The Hagstrom Report says Business Roundtable President and CEO Joshua Bolten calls the tariffs a major unforced error by President Trump that will put America’s economic progress at risk. He says, “The tariffs will cause significant harm to industries that rely on …
AEM’s Slater: Trump Tariffs Won’t Help U.S. Manufacturers ‘Win’ Again
AEM worked to discourage President Trump from imposing heavy tariffs on steel and aluminum imports after the president said he intended to do just that this week. AEM is assessing the impact of Trump’s announcement last week that he would impose 25 percent import tariffs on steel and 10 percent import tariffs on aluminum. “President Trump shouldn’t undercut his own …