The Chinese trade surplus with the United States hit a record number in June as its exports grew at a solid pace, something that could possibly make a trade dispute with Washington, D.C., that much worse. A Nasdaq.com article points out that it could be a “one-off” as Chinese exporters were rushing to get shipments out before tariffs went into …
McKinney to Lead Trade Mission to Southeast Asia
USDA Under Secretary for Trade and Foreign Agricultural Affairs Ted McKinney will lead a trade mission to Southeast Asia July 16-19. He’ll be joined by U.S. business and state government leaders who are seeking to expand agricultural opportunities in Southeast Asia. The trade mission will be based in Jakarta, Indonesia, but will also include delegations of buyers from Malaysia and …
USDA Announces Japan to Accept Exports of U.S. Sheep and Goat Meat
U.S. Secretary of Agriculture Sonny Perdue is announcing that the government of Japan has finalized technical requirements that will allow U.S. sheep and goat exports into the country for the first time in more than 14 years. “This success is a direct result of USDA’s dedication to helping America’s farmers and ranchers keep and find new markets for their products,” …
Details on Canada’s Retaliatory Duty on U.S. Beef Products
Over the past few weeks, tariffs on U.S. meat products by other countries continues to add up. One of those is our neighbors to the North, Canada. U.S. Meat Export Federation’s Joe Schuele has more details. Details on Canada Duty on U.S. Beef Products
EU Trade Chief: Targeting U.S. Ag in Tariffs Best Hope for Trade Change
In retaliating against trade tariffs, the European Union is doubling down on American Whiskey. EU trade chief Cecilia Malmström shut down a request to remove U.S. whiskey from the tariff list as fear the move would place further retaliation from the U.S. on Scotch whiskey. In making the statement, Politico reports Malmström intends to hit the U.S. “where it hurts,” …
Record Exports in May Take 2018 Ag Exports above 2017
The latest complete agricultural exports reports for the fiscal 2018 year take us up through May. And according to a story from Gary Crawford, they show U.S. export sales reaching a milestone. Record Exports in May
May Beef Exports Shatter Record While Pork Exports Go Lower
U.S. beef exports set a new value record in May, while also significantly increasing year-over-year in volume. That’s according to new data released by the USDA and compiled by the U.S. Meat Export Federation. May pork exports were lower, although January-May totals for U.S. pork remained ahead of last year’s pace. Beef export volume was 117,871 metric tons in May, …
China Quickly Retaliating Against U.S.
Following implementation day of President Trump’s tariffs on China, the nation responded quickly to retaliate with previously threatened penalties on U.S. pork, beef, soybeans and automobiles. Meat industry publication Meatingplace reports China says Trump has “violated World Trade Organization rules and launched the largest trade war in economic history to date.” The first wave of tariffs was imposed Friday, which …
China Tariff on U.S. Pork Now Tops 60 Percent
China’s implementation of tariffs on U.S. products means U.S. pork faces a 62 percent tariff level. The National Pork Producers Council responded that U.S. pork farmers now face large financial losses and contraction because of escalating trade disputes, meaning “less income for pork producers and, ultimately, some of them going out of business.” China announced a new 25 percent tariff …
Higher Tariffs on U.S. Beef Exports
It’s been just over a week now since Canada placed higher tariffs on U.S. beef imports. National Cattlemen’s Beef Association (NCBA) Director of International Trade and Market Access, Kent Bacus, discusses these new tariffs. Higher Tariffs on U.S. Beef Exports