Everett Griner talks about the importance of world trade in today’s Agri View. Importance of World Trade You know not many people realize, or do they have interest in, world trade. It is something that doesn’t come up for discussion very often. We have so many special occasions. Why would the average person even acknowledge world trade? The question is-where …
U.S. Says Retaliatory Tariffs Unjustified in WTO Complaint
The U.S. struck back at retaliating nations this week, filing a complaint with the World Trade Organization (WTO). The U.S. complaint says the steel and aluminum tariffs imposed by the Trump administration were justified, but claim retaliation in response to the tariffs from trading partners was not justified. The complaint includes China, the European Union, Turkey, Canada and Mexico. In …
U.S.-China Dispute Harming Canadian Soybean Growers
Soybean farmers in Canada are feeling the impact of the U.S.-China trade war as soybean prices decline. CNBC reports that while Canadian soybean farmers could see an increased market share from importing nations, experts say the current soybean market plays a much more significant role. Since April, soybean futures have dropped nearly 20 percent in the United States, and Canadian …
Chinese Trade Surplus with U.S. Hits High Amid Tariff Concerns
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 Sponsored ContentNuseed Carinata Covers New GroundAugust 29, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril …
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 Sponsored ContentNuseed Carinata Covers New GroundAugust 29, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
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, …