(NAFB) — China wants the United States to commit to lifting tariffs to reach a phase one trade agreement. The South China Morning Post reports Beijing needs America to be more responsive to its concerns, if it wants Chinese President Xi Jinping to visit the U.S. to sign the deal. There’s been no firm commitment by the U.S. to delay …
Beijing Considers Axing Extra Tariffs on U.S. Ag Products to Boost Imports
(NAFB) — The head of a government-sponsored trade association in China says Beijing could remove extra tariffs on U.S. farm goods to smooth the way for importers to potentially buy up to $50 billion in products. A Reuters article says Beijing would make that move instead of directing importers to purchase specific amounts of goods. President Donald Trump said earlier …
Peanut Export Update
The latest numbers from USDA shows that August 2019 peanut exports saw an increase over last year. Tyron Spearman has the details. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
U.S. and China on Track to Sign Phase One Agreement
(NAFB) — The U.S. and China are on track to sign the phase one trade agreement next month. President Donald Trump this week stated the negotiations are running “ahead of schedule.” The South China Morning Post reports Trump and Chinese President Xi Jinping are set for a November 17 meeting in Chile to sign the interim trade deal. Trump says …
Mexico Says U.S. Congress Will Move on USMCA Trade Deal Soon
(NAFB) — Mexico’s Deputy Foreign Minister for North America said Friday that he believes U.S. lawmakers will begin the process of approving the U.S.-Mexico-Canada Trade Agreement (USMCA) soon. He believes it will move forward in the U.S. Congress now that Mexican President Obrador has vowed to increase wages and funding for labor reforms. A Yahoo Dot Com article says the …
China Phase One Agreement Ag Purchases aimed at $20 Billion
(NAFB) — The phase one agreement with China would boost U.S. ag exports to at least $20 billion in its first year. The overall agreement includes $40-50 billion of U.S. farm commodity sales to China over a roughly two-year period. China claims it would aim to buy at least $20 billion worth in the first year, if the agreement is …
Commerce Department Announces Final Dumping Margin of 21% on Mexican Tomato Imports
International Trade Commission will now Evaluate Injury to U.S. Growers Washington, D.C. (FTE-October 22, 2019) — The U.S. Department of Commerce has announced a final dumping margin of 21 percent in the resumed antidumping investigation of Mexican tomatoes. This result comes as no surprise to American tomato farmers who have seen domestic production decline significantly in the face of unfairly traded …
China Confirms Phase One Agreement Ag Purchases
(NAFB) — Chinese officials confirmed this week they are working on finalizing a “phase one” agreement with President Donald Trump that includes significant purchases of U.S. ag products. An official from China’s Commerce Ministry confirmed the purchases to reporters, but did not provide details on how much U.S. ag products China will buy. The spokesperson says, “China will increase U.S. …
More Details Needed to Finish U.S. Japan Trade
Now that the U.S.-Japan Trade Agreement has been signed by President Trump, many feel it is a done deal and are ready to see the trading started soon. But during a recent media conference call, National Cattlemen’s Beef Association (NCBA) Director of International Trade and Market Access, Kent Bacus, explained there are still some details that need to be ironed out. Sponsored …
Agriculture Cautiously Optimistic on China Trade Deal
The good news from last week’s announced partial trade deal with China is a possible doubling of spending on U.S. farm goods. But, the flip side of that coin is continuing uncertainty over details. Spending has gone from nearly $20 billion in 2017, to less than $10 billion so far, this year, to as much as $40 to $50 billion …