The Brazilian trucker strike has officially disrupted supply and exports of farm products from one of the biggest ag exporting countries in the world. A Reuters report says Brazil is the top exporter of soybeans, sugar, coffee, and chickens. The strike over high fuel prices has brought Latin America’s largest economy to a complete stop. Roads are empty and major …
U.S. to Continue With Trade Action Against China
Despite a potential agreement on trade issues between the U.S. and China, the Trump administration will continue to pursue action against China. By mid-June, The U.S. is expected to release a list of $50 billion worth of Chinese goods that will be subject to a new 25 percent tariff, according to Reuters. The United States will also continue to pursue …
Trade Retaliation Hurting U.S. Pork Producers
Producer Losses at $2.2 Billion Since March 1 The National Pork Producers called for a swift resolution of the United States-China trade dispute, paving the way for increased U.S. pork exports to the world’s largest pork-consuming nation. According to Iowa State University Economist Dermot Hayes, U.S. pork producers have lost $2.2 billion on an annualized basis due to events leading up to and following China’s 25 percent punitive tariffs in retaliation for U.S. tariffs on aluminum and steel. …
Ross Heading to China June 2-4
U.S. Commerce Secretary Wilbur Ross will be in China June 2-4 for another round of talks amid trade tensions between the world’s two largest economies. Reuters says The trade dispute got a little more complicated this week when President Donald Trump announced a national security investigation into imports of cars and trucks. The probe could possibly result in tariffs against …
U.S. Peanut Export Update
Tyron Spearman has an update on where U.S. peanut exports stand thus far this year. U.S. Peanut Export Update Sponsored ContentNuseed Carinata Covers New GroundAugust 29, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Administration Discord Over China Tariffs
Sources close to the White House tell Bloomberg that President Donald Trump backed off imposing billions of dollars in tariffs on Chinese goods because of discord within the administration. There’s also concern within the White House over the possibility of harming negotiations with North Korea. Trump also reportedly succumbed to pressure from farm-state Republicans, who heavily lobbied the administration to …
Japan, Russia, and Turkey Talk Potential Trade Retaliation
The World Trade Organization says Japan, Russia, and Turkey have all warned the United States about possible trade retaliation for U.S. tariffs on steel and aluminum imports. An Agriculture Dot Com article says those tariffs would up the total U.S. tariff bill around the world to $3.5 billion annually. The three countries recently notified the World Trade Organization of their …
A Rise in Meat Production, Price and Trade in 2019
With perhaps one exception, USDA expects to see increases in U.S. meat production, price and trade next year. Rod Bain has the details. A Rise in Meat Production, Price and Trade in 2019 Sponsored ContentNuseed Carinata Covers New GroundAugust 29, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Farmers for Free Trade Suggestions on Improving China/U.S. Trade Relations
Farmers for Free Trade call the framework of a trade agreement between the U.S. and China as a good first step toward ending tensions that have hurt American agriculture. The group applauds the Trump Administration’s focus on supporting U.S. agricultural exports. However, they do note that there’s still a lot of work to do in order to put a solid …
House Members Want Thailand Ban of U.S. Pork Ended
Members of the House of Representatives sent a letter to Taiwan’s Ambassador to the U.S. asking for the removal of import restrictions on American agricultural products, including pork. The bipartisan letter was signed by 44 House members and sponsored by Republican David Young of Iowa and Wisconsin Democrat Ron Kind. The letter calls for the U.S. to suspend trade benefits …